Falling prices paralyse investment in property

People are less keen to become landlords and landlords are more wary of selling because of falling house prices, a survey suggests.

A year ago, one in four people intended to buy rental housing, but now one in seven has this goal.

The Nielsen online survey for realestate.co.nz found the appetite for rental housing had dropped in the past 12 months.

The survey also showed a 42 per cent fall in the intention of landlords to sell.

An online website yesterday listed 15,997 Auckland properties for sale and 4190 houses and flats in Auckland available to rent.

NZIER economist Shamubeel Eaqub said the housing market was extremely depressed and low sales volumes suggested a sombre outlook.

"Housing as an investment is less alluring than in recent years," he said.

To read the full NZ Herald article, click here

Posted: 19 Aug 2010

News articles

Browse articles
by date

September 2013

July 2013

June 2013

May 2013

December 2012

November 2012

September 2012

June 2012

April 2012

March 2012

February 2012

January 2012

December 2011

November 2011

October 2011

September 2011

August 2011

July 2011

June 2011

May 2011

April 2011

March 2011

February 2011

January 2011

December 2010

November 2010

October 2010

September 2010

August 2010

July 2010

June 2010

May 2010

April 2010

March 2010

February 2010

January 2010

December 2009

November 2009

October 2009

September 2009

August 2009

July 2009

June 2009

May 2009

April 2009

March 2009

February 2009

January 2009

December 2008

November 2008

October 2008

September 2008

May 2008

April 2008

March 2008

Please disregard these fields.


banner ad