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Business as Usual for Property Buyers and Sellers

NEWS RELEASE

“Business as Usual” for Property Buyers and Sellers Keeps Activity Solid

For Release: 27 July 2006

It’s “business as usual” with buyers and sellers continuing to confidently make property decisions due to traditional reasons such as a bigger or smaller home, moving for work or retirement, or just to be closer to family members, according to Bryan Thomson, CEO of Harcourts New Zealand.

Commenting in the latest issue of Harcourts MarketWatch newsletter overviewing Harcourts’ June 2006 business activity, Mr Thomson noted, “June was a very positive month for Harcourts in most marketplaces despite being one of the coldest winters on record with communities nationwide hit by heavy rain, floods, landslides, major power outages, and in some cases record snowfalls.”

He added, “Interest rates have ticked up slightly, however employment remains strong and immigration positive, so our marketplace has every reason to stay solid.”

While those buying or selling property continued on the whole to be motivated by traditional reasons, one of the major changes they faced was being able to obtain industry information more readily thanks to the myriad of real estate websites available.

“The power of the internet means the public can see real-time activity to make informed judgements as to what is happening in the market. The key of course is relying on information from a reputable real estate company website such as www.harcourts.co.nz which continues to be the most visited real estate company website in the country.”

ENDS

See... Harcourts MarketWatch June 2006

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