Surabaya, Indonesia
Property prices · 2026 · Asia · Price +4.5% vs 2025
Property price trend in Surabaya (2024–2026)
Property comparison — cities in Indonesia (2026)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Surabaya |
|---|---|---|---|---|
| Surabaya | IDR 24,376,000 | IDR 16,620,000 | IDR 4,210,400 | — |
| Bali | IDR 38,780,000 | IDR 26,592,000 | IDR 6,094,000 | +59.1% |
| Jakarta | IDR 29,960,000 | IDR 19,260,000 | IDR 5,885,000 | +22.9% |
| Yogyakarta | IDR 15,512,000 | IDR 10,526,000 | IDR 2,770,000 | -36.4% |
Other Asia cities (2026)
Frequently asked questions
How much does property cost in Surabaya in 2026?
In Surabaya, the average price per sqm in the city centre is IDR 24,376,000, and IDR 16,620,000 outside the centre (2026 data). Prices have risen 10.8% since 2024.
How much is rent in Surabaya in 2026?
A 1-bedroom apartment in Surabaya rents for approximately IDR 4,210,400 per month in 2026. A 3-bedroom apartment costs around IDR 6,869,600/month.
Is it better to buy or rent in Surabaya?
Renting is generally more cost-effective in Surabaya. The price-to-rent ratio is 23.0x — it would take approximately 23.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 7.50%.
What are mortgage rates in Indonesia in 2026?
The average mortgage rate in Indonesia is approximately 7.50% as of 2026. With a price-to-rent ratio of 23.0x, buyers should carefully weigh mortgage costs against rental savings.
How have property prices in Surabaya changed?
Property prices in Surabaya have changed +4.5% vs 2025. Since 2024, prices have increased by 10.8%. Use the year tabs above to compare prices across years.
What is the price per sqm in Surabaya?
The average property price per square metre in Surabaya city centre is IDR 24,376,000 in 2026. Outside the centre, expect to pay around IDR 16,620,000/sqm.