Indonesian Property Bubble Tale

One of the key real estate talking points In South East Asia's largest economy Indonesia this year has centered on the possibility of a property bubble.
With depreciating currency, high inflation and downward pressure on natural resources the county has been able to sustain a degree of economic growth.
While mortgage rates are well into double-digit numbers, the rising middle class has been able to supply a steady supply of buyers.
Much of the sales traction is taking place outside of Jakarta in other key Indonesian cities.
As we move towards the end of 2013 it appears that all the talk about a bubble remains exactly that – talk.