Chairman of Real Estate Indonesia (REI) Setyo Maharso said the amount of increase in house prices depend on the amount of increase in fuel price subsidies later.
"Yes, we should logically it (oil prices) it should go up because of it heavy burden on the state. Lives how rising, counted it not to one," he said when met at REI Expo exhibition in JCC Senayan, Jakarta, Saturday (4/5 / 2013).
According Setyo, if properly raised subsidized fuel prices, it is automatically price of properties including houses and apartments will rise because building materials will rise in price. "Problem right government has not set a price, so I did not want to comment first. Later uptake in the right industry standard raw materials we depend we increase the percentage. Production costs will increase so that product prices rise property," he added.
The effect of the increase in prices of properties will normally show lethargic period, the property market is quiet the transition lasts between 3-6 months.
"House prices there is usually a transition period, when he was shocked 3-6 months and sales will stagnate, as he measures his ability and again how," he said.
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