Real estate market ‘extremely quiet’

y Anne Gibson 

 

A bank survey of residential real estate sector sentiment has presented a pessimistic picture, with many professionals saying the market has turned down fast.

BNZ chief economist Tony Alexander released the monthly confidence survey this week. The survey went to 11,500 people, who were asked how their sector was going and if the economy would get better.

Results showed many people had noticed a downturn in house sales and were less optimistic about the sector’s fortunes.

Agents said the market was extremely quiet, with low sales volumes and prices dropping, particularly in Auckland.

Read more

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s