Address

Precise Investors

Latest News

Numbers holding up well, says real estate boss

While the latest REINZ figures point to a steadying of Auckland house prices and a slowdown in total sales and the time it takes to sell, the overall outlook for real estate remains strong, says Geoff Barnett, National Manager of Century 21 New Zealand.

“When you seasonally adjust these numbers and compare them to one year ago not one month ago, they’re holding up really well. And let’s not forget that REINZ stated ‘at worst, prices in the Auckland region are steady at present’. Last year we heard a lot of doom and gloom from commentators about plummeting prices in 2017 and fast rising interest rates, but neither is nowhere near.”

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Leave a Reply

4 + eight =