Another Record Month while Celebrating 125 Years

MEDIA RELEASE 29 January 2013

Immediate

Harcourts New Zealand

Another Record Month as NZ’s Largest Real Estate Company Celebrates 125 Years

Harcourts’ return to business in 2013 will kick off a year of celebration, hard work and a recovering and interesting market for New Zealanders.

After a hugely successful 2012, Harcourts New Zealand CEO Hayden Duncan will be launching some big projects amongst the celebration of the firm’s 125 years in business.

November proved strong with 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. Given the slowed activity of Christmas and New Year, December produced an increase in Harcourts average sale price by 7.6%.

Mr Duncan says for Harcourts New Zealand, 2013 is about supporting and educating those who want to buy and sell property and this creates opportunities to those wanting a career in real estate.

"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!”

The year ahead will see the launch of The New Zealand Real Estate Scholarship Programme in this, its second year. This programme is offered nationally allowing professionals to enter into a career in real estate with New Zealand’s largest and best equipped real estate organisation. With over 210 applications in 3 and a half weeks last year the project team are setting up for a very busy April with applications opening 1 March.

2013 marks the oldest real estate company’s 125th birthday. Beginning in 1888 in Wellington by a man of the same name, J. B Harcourt the company has gone from humble beginnings to being New Zealand’s largest real estate company. Still privately New Zealander owned after 125 years will be amongst the reasons to celebrate for Harcourts and Mr Duncan believes New Zealanders will also celebrate the firm as an iconic New Zealand business success story who now exports services and systems into ten countries around the globe.

ENDS

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