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Survey: Residential Real Estate Market Starts Year Firmly
Residential Real Estate Market Starts The Year
Firmly
Welcome to the results of the first BNZ-REINZ Residential Market Survey for 2013.
In our first BNZ-REINZ
Residential Market Survey for 2013 we have found strength
across all our indicators from attendance at Open Homes to
auction clearance rates, and interest from first home buyers
and investors. Prices are strongly seen as rising and agents
view the market as being a sellers one. This month for the
first time we have introduced a question regarding whether
foreigners appear to be more or less active in the market.
While not revealing the actual level of their presence the
results do show that in aggregate there has been no rise in
foreign buying activity compared with a month ago. With
regard to where such buyers largely come from the top
country is the United Kingdom with 27% of agents noting
this, followed by China at 24%, then Australia 22%. In
Auckland however Chinese buyers are seen as prevalent among
foreigners by 45% of agents responding. It will be
interesting to track these results over
time.
Click here to read:
REINZ_Survey_February_2013.pdf
www.tonyalexander.co.nz
www.facebook.com/tonyalexandernz
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