Indonesia is among the best performer in Southeast Asia on property performance due to stable price growth in almost all segments of the housing market, according to a survey on Monday.

The survey conducted by property consultancy Knight Frank indicated that Indonesia's housing price index rose 3.4 percent on yearly basis and 0.8 percent on quarterly basis. It was ranked sixth, coming in behind Malaysia, Hong Kong, South Korea and New Zealand, the Jakarta Post reported.

The survey said that the ongoing crisis in Europe would have negative implications in most of Asia and the Pacific, which would in turn affect housing markets until the end of this year.

The firm predicted that prices in Malaysia would remain steady in coming months with the possibility of a modest decline in 2012.

But due to stable economic growth, manageable inflation and emerging middle class, Indonesia will see housing prices increase this year, the firm said.

The Knight Frank Global House Price Index, which monitors housing price indices in 53 residential markets across the world, said that the positive increase in housing prices in Indonesia was backed by increased earnings and urbanization.

Rental apartments located in the Sudirman Central Business District (CBD) in Jakarta had an average yield of between 8 percent and 11 percent in the first quarter, while rental home yields ranged from 4 to 6 percent, the property consulting company said.

Knight Frank senior research manager Hasan Pamudji said Indonesia was expected to continue to experience strong demand, although the new minimum down payment rule of 30 percent for mortgage loans coming into force in June and the government's decision to pull the plug on the Housing Liquidity Facility Loans program for housing under 70 square meters could affect performance, particularly in middle to low end segments.