Full buildings, new tower buoy sector

Monday 26 January 2004

A robust leasing market, strong interest from overseas buyers and the development of a new

By The Landlord

Auckland office tower indicate a real estate sector in good shape for the year ahead, says an adviser.

Jones Lang LaSalle senior consultant Mark Clavey said the continued strength of the domestic economy had propelled commercial property to new heights, and he saw no signs of any big changes this year.

Unsatisfied investor demand, expansion of a new office precinct round Viaduct Harbour in Auckland and big transactions were hallmarks of last year, he said.

Read More - Opens in a new window
Commenting is closed

Property News

Downward pressures might push investors out

There’s a major housing market downturn coming and it’s likely to reduce the number of investors in the market, according to ANZ economists.

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.

Commercial

Industrial holdings leave Provincia in strong position

Tales of strife and problems abound in the commercial property world these days, but the impact of the Covid-19 pandemic has not been as devastating for all commercial players.

Mortgages

Mortgage lending slumps to record low in April

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

Site by PHP Developer