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New Zealand’s property market remains relatively strong despite the recent movement of Covid-19 Alert Levels throughout the country, with a number of key property performance indicators holding their own in recent months.
Contrary to many economists’ predictions, most actual, key property market indicators are looking positive for sellers when you look at June sales data, with the number of sales throughout the country in June 2020 up 11% on the same month last..
As we move well into the winter months, there is no doubt the property market has been affected by Covid-19 – as is the case with almost all sectors in New Zealand. It’s too early to make any definitive calls about the full effect of the virus..