Why NZ House Buying Spree Refuses to Die Down?

Name: Why NZ House Buying Spree Refuses to Die Down?
Uploaded: Apr 26, 2021 AEST
Duration: 1 min 54 s
Description: 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 av...

April 26, 2021 05:44 PM NZST

Team Kalkine Media

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Team Kalkine Media comprises of experts who understand various markets nuances and are enthusiastic and passionate to provide best possible offerings in the form of insights and stories. The team has rich experience of working across different market...

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.