Why NZ House Buying Spree Refuses to Die Down?

Properties are being snapped up in New Zealand quickly. Several properties in various regions are experiencing a decline in the time a house is sold in the market as compared to 2020. As per the latest data from real-estate consultant Trade Me, an average Kiwi is taking just 27 days to sell a house in NZ, up 25% as compared to 36 days taken in March 2020.The Property consultant’s Sales Director Gavin Lloyd said the site looked at factors like for how long a property is on the market and how quickly it sells. He added that before COVID-19 lockdowns, the average time onsite for a property was 45 days in February 2020.

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