Real estate pundits sing mainly from same songbook

There are various sources of information about the residential property market - Quotable Value, REINZ, independent agencies - which can sometimes be confusing to the potential buyer or seller seeking an answer to the question: "have we started to emerge from the recession yet?".

Reading the latest report on the property market can be an uplifting or a deflating experience, depending on which report you choose to go by.

For example, today saw news from industry website realestate.co.nz that the traditional Spring seasonal spike in listings hasn't happened this year.

Their New Zealand Property Report showed listings are up only 7 per cent to 13,550 - compared to a 21 per cent rise at the same time last year and 16 per cent in 2007.

With the beating that the property market has taken over the last 24 months during the global financial crisis, this modest bounce is hardly surprising news.

To read the full NZ Herald article click here

Posted: 2 Nov 2009

News articles