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Return Of A Sellers Market
Return Of A Sellers Market
Our June BNZ-REINZ Residential Market Survey for the first time in more than four years provides solid evidence of conditions shifting toward being a sellers market.
A record net 15% of respondents report that buyers are now more motivated than sellers. In addition a record net 27% of respondents note that they are observing more investors in the market.
The results back up others showing an upturn in the
residential property market in New Zealand.
Survey June 14 (pdf)
Tony
Alexander
Chief Economist
Bank of New Zealand
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