Property in Medan
Real estate for sale in Medan, which you can buy at affordable prices, is an opportunity to invest money safely and buy a home in one of the major cities in Indonesia. Medan is located in the northeastern part of Sumatra and is the center of the province of the same name. With a population of 2.5 million people, it is the fourth largest city in the country and a popular tourist destination, as it is only 40 km from the international airport.
The developed infrastructure of Medan ensures a comfortable lifestyle. The city has everything you need, from medical facilities, schools and two universities to shops, large shopping malls and entertainment venues. Local real estate will a great housing option regardless of whether you are looking for a buy-to-let or buy-to-live unit. Foreigners are offered several property ownership options. Expats can purchase an apartment in a condominium, a townhouse, a villa or a house in Indonesia.
Property prices in Medan
Property cost in Medan directly depends on the type of property, area and amenities it has to offer. The more modern the residential complex and the more bedrooms a unit has, the higher the price gets. However, the cost of properties in Medan, Indonesia, remains more affordable than in other regions of the country:
- The price per square meter of an average condo in the city centre ranges around $1,900;
- The average cost of a condo outside the centre is around $800.
Housing prices in Medan are much more affordable than in Jakarta or Bandung. You can browse through the latest market offers and get more detailed information on our website.
Investment property in Medan
The market offers both move-in ready and off-plan apartments in Indonesia. When planning on investing in local property, you can consider a short- or long-term profit strategies:
- It is profitable to invest money in housing at the early stage of construction and resell it at a higher price after the construction is completed and the unit is ready to move in. Prices for real estate under development in Medan are lower than for completed options.
- Use overseas property as a source of stable rental income. The tourist season in the country lasts all year round, which allows you to rent out housing throughout the year.
The economy of Indonesia is steadily developing, apartments are becoming more expensive, therefore you can resell your property at a higher price thanks to capitalization of the cost.
Buying property in Medan
For investors interested in buying property in Indonesia, our real estate platform offers the largest collection of verified property listings from trusted developers and agencies. All property listings feature detailed information on the unit and real-time prices. The housing database is constantly updated. With our easy-to-use search filters, you can sort property listings by type of housing, location, size, number of bedrooms and bathrooms, and price. There are no hidden fees for buyers. All you need to do to buy a property in Medan is just to look through the offers and choose the one that suits your goals. For more detailed information, get in touch with our team and they will walk you through the buying process.