October Results Consistent with Confident Market

NEWS RELEASE
Positive October Results Consistent with Confident Spring Market for Harcourts

For Release: 28 November 2005

October saw Harcourts offices continue to enjoy strong sales activity in line with both the continuing positive market and the arrival of spring, according to Harcourts New Zealand CEO, Bryan Thomson.

Commenting in the latest issue of Harcourts MarketWatch newsletter, Mr Thomson made particular reference to both an increase in the number of properties being listed, as well as the number of sales contracts being written for property over October. He added that this reflected two important issues.

“Number one is that the market is positive. And given all the factors that make this country so positive, it is no surprise that thinking Kiwis are investing in property both for homes and investments.”

“Secondly, the figures reflect the growth in the performance of the Harcourts team over the last twelve months. The commitment to success, professional development, skill enhancement and drive to achieve the very best result for all clients sees more and more buyers and sellers selecting Harcourts.”

Mr Thomson said it was evident that both buyers and sellers were active in the market, adding “as we move into summer, our advice for sellers is to recognise the increasing competition when it comes to attracting premium buyers to your property, and to ensure you promote and present your property well.”

He noted that while buyers were enjoying more choice with the additional listings, they would continue to experience competition for the premium properties and had to ensure they were well prepared in areas such as confirming prior financial arrangements in order to help secure their “dream property”.

ENDS

See... Harcourt MarketWatch, November 2005 (PDF)

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