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Harcourts MarketWatch December 2012
MarketWatch December 2012
November
has indicated strong and continued real estate activity with
New Zealand’s largest real estate firm, Harcourts,
reporting written sales in excess of $1 billion dollars and
based on their figures the level of activity is no longer
constrained to the Auckland market. The central North
Island saw a 37% increase in written sales while
Christchurch and the South Island are seeing 15% and 23%
growth in their numbers respectively. Wellington remains
stilted and is the only region whose figures have
experienced a slide in written sale activity. The 2013
outlook for the country is one of an environment with
continued low interest rates and housing stocks remaining
tight. With limited building planned, particularly in
Auckland, it will have the impact of fuelling on-going price
increases so if you are pondering on what the best time to
buy is, it’s now!
Hayden Duncan
Harcourts Group,
CEO
@HarcourtsNZ
Merry Christmas!!
Harcourts_NZ_MarketWatch_December.pdf
www.harcourts.co.nz
ENDS
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