Property sales drop as buyers and sellers remain cautious
New Zealand property sales have fallen for seven consecutive months, though first-home buyers are increasing their market share.
Property sales have continued to slow, with a data company recording seven consecutive months of fewer home sales compared to the year prior. Both buyers and sellers are taking a cautious approach to the market. First home buyers are taking advantage of the subdued conditions and increasing their share of transactions.
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Stuff
Property sales drop as both buyers and sellers remain cautious
First home buyers continue to take advantage of the subdued market, increasing their share of the market.
RNZ
House sales slow again
A property data company says it's recorded seven consecutive months in which fewer homes sold than the year before.