Determinant of Property Price Through The Monetary Variables: An ARDL Approach

The 2008 financial crisis demonstrates that studies on property price volatility are important because it impacts domestic economic conditions. This study identifies the of prices through monetary variables. current employs ARDL method to determine effect variables in short and long term. results show GDP as a proxy for income negatively affects residential Indonesia, inflation positively prices. There is difference interest rates where there direct followed by COVID-19 crisis. Meanwhile, foreign have negative term positive implies strong operation can maintain public expectations prices, especially