Twenty reasons not to abandon the housing market

He says keeping an eye on the rapidly rising stock of listings and improving purchase prices is a good idea, but bargains will not be prolific this cycle. Other reasons. Include:

Rising construction costs

It is getting more and more expensive to build a house in New Zealand – a 21% increase over the past year, for example. As construction costs go up more people will switch towards looking for a and existing property rather a new build. This process will be enhanced by stories about construction projects going under.

Social housing demand