More than two thirds of consumers are confident that New Zealand residential real estate prices will rise or remain the same in the coming six months, according to a survey released on 30 October by allrealestate.co.nz.
Friday, November 3rd 2006, 9:35AM
by The Landlord
Just under quarter of consumers believe average real estate prices will fall.
The survey was conducted during the week of 16 October 2006. A total of 429 consumers responded to it.
Survey respondents were asked, “In your opinion, over the next six months, how will the New Zealand residential real estate market behave?”
Forty-three per cent responded, “Average prices will rise,” 35% responded, “Average prices will remain the same,” and 22% responded, “Average prices will fall”.
“The survey paints a picture of a relatively stable market in which risk and opportunity are well balanced,” said Shaun Di Gregorio, general manager of allrealestate.co.nz. “I think buyers, sellers and agents will find the numbers reassuring.”
