The COVID-19 pandemic made the world economy in a state of turmoil, especially for economies in developing countries whose effects were felt. The IMF's world institutions now predict this year's world economic output will shrink by almost 5%, or almost 2% worse than the estimates released in April 2020.
China is the only major country that is expected to continue to record growth even though only 1% this year, while a number of Western European countries, including Britain and France, are expected to experience a shrinkage of more than 10%. Then what about Indonesia?
Finance Minister Sri Mulyani Indrawati revealed some time ago, that if economic growth was reduced in two consecutive quarters then Indonesia could experience a recession. But the current government continues to strive to increase the rate of economic growth in various ways, one of which is by providing economic stimulus to businesses in various sectors.
If economic growth is reduced in two consecutive quarters, it is said from various available sources that Indonesia could experience a recession. But the current government continues to strive to increase the rate of economic growth in various ways, one of which is by providing economic stimulus to businesses in various sectors.
Then for the property sector, especially housing with the middle to upper segment, it is estimated that growth will begin to increase in September 2020, because July and August are expected to be the starting point for the rise of the national economy. If the prediction is correct, it is certain that September 2020 will be the best period to buy a house. In addition, millennials who usually travel a lot can now allocate funds to buy a dream home.
Talking about the dream house for millennials, surely those who are active and dynamic crave a home that truly reflects the millennial world. In the next few months, millennials will get alternative choices to buy their dream home, because in Indonesia there is an international developer who has enlivened the national property world with the inaugural Sentosa Park project.
So July and August are periods for saving and holding your money. Do not rush to buy a residence, wait until September 2020.
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