City's house market 'back to normality'

Sunday 23 May 2004

Nelson's house market is "back to normality" after a frenetic past two years, says the Real Estate Institute in the wake of a drop in house sales.

By The Landlord

Institute spokesman Perry Hoby said a 10 percent drop in the region's house sales last month showed the market was returning to pre-2002 levels.

"It's back to normal for Nelson. It's not frenetic any more," he said.

But that didn't necessarily mean a drop in prices, since there was still solid demand from buyers, he said.

Read More - Opens in a new window
Commenting is closed

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.

Commercial

NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.

Mortgages

LVR limits slow down investors

LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.

Site by PHP Developer