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National MarketWatch Analysis February 2015
National MarketWatch Analysis February 2015
The latest
residential housing figures from New Zealand’s largest
real estate group, Harcourts shows that inventory is down in
all regions except Christchurch, where property-on-hand was
up a massive 25% compared to last year. Sales activity the
Central Region did not take a breather for the typically
quiet January month, with written sales up
22.9%.
Harcourts CEO Hayden Duncan says that stable interest rates, more competitive mortgage products being offered by lenders, and the stable economic outlook, will continue to fuel buyer activity well into the autumn months.
“New Zealand is in a situation where we have growing population numbers, a stable economy, and growing consumer and business confidence. The only thing preventing those looking to buy property is the lack of affordable housing in the areas it’s needed. With building consents lagging behind population growth, particularly in Auckland, that situation won’t change without government policy change,” says Duncan.
You can read the full analysis attached or in the Harcourts newsroom.
National_MarketWatch_Analysis_February_2015.pdf
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