Jurnal Keuangan dan Perbankan Universitas Merdeka Malang
Clustering and regional growth in the housing market: Evidence from Indonesia
Dublin Core
Title
Jurnal Keuangan dan Perbankan Universitas Merdeka Malang
Clustering and regional growth in the housing market: Evidence from Indonesia
Clustering and regional growth in the housing market: Evidence from Indonesia
Subject
Clustering; Housing prices; Regional growth
Description
The housing market is one of the monetary policy instruments in macro-prudential terms. The overall policy adopted through the Loan-to-Value ratio does not accommodate different regional characteristics. Location and area characteristics are important factors that influence the development of housing property prices. This study
uses panel data regression analysis, with objects of 15 cities in Indonesia during 2007-2017. The results of the analysis provide a proof that the building rent, population density, construction costs, Gross Regional Domestic Product, unemployment rate, and minimum income, affect housing prices differently in each growth category, while the LTV ratio and inflation do not have a significant effect onto house prices. The regional economic growth is used to form regional clustering based on the speed of house price growth so that monetary policy in the housing sector achieves
the target.
uses panel data regression analysis, with objects of 15 cities in Indonesia during 2007-2017. The results of the analysis provide a proof that the building rent, population density, construction costs, Gross Regional Domestic Product, unemployment rate, and minimum income, affect housing prices differently in each growth category, while the LTV ratio and inflation do not have a significant effect onto house prices. The regional economic growth is used to form regional clustering based on the speed of house price growth so that monetary policy in the housing sector achieves
the target.
Creator
Ariyanto Adhi Nugroho, Muhammad Yusuf Indra Purnama, Laela Rizki Fauzia
Source
http://jurnal.unmer.ac.id/index.php/jkdp
Publisher
Universitas Merdeka Malang
Date
January 2020
Contributor
Sri Wahyuni
Rights
ISSN: 2443-2687 (Online) ISSN: 1410-8089 (Print)
Format
PDF
Language
English
Type
Text
Coverage
Jurnal Keuangan dan Perbankan Universitas Merdeka Malang
Files
Collection
Citation
Ariyanto Adhi Nugroho, Muhammad Yusuf Indra Purnama, Laela Rizki Fauzia , “Jurnal Keuangan dan Perbankan Universitas Merdeka Malang
Clustering and regional growth in the housing market: Evidence from Indonesia,” Repository Horizon University Indonesia, accessed September 20, 2024, https://repository.horizon.ac.id/items/show/4722.
Clustering and regional growth in the housing market: Evidence from Indonesia,” Repository Horizon University Indonesia, accessed September 20, 2024, https://repository.horizon.ac.id/items/show/4722.