The real estate market in the Bay shows plenty of positive signs as we head toward Christmas. The latest NZ Property Report released by Realestate.co.nz indicates that while there may not be the same heat in our market as was felt last year, the market is more stable and ‘normal’. That’s good news for buyers and sellers.
The report went on to show that new property on the market for November was 874 across the Bay of Plenty at the time of the report’s release, with a total of 1,682 residential dwellings for sale.
Further good news is the further relaxing of the LVR by the Reserve Bank for both first home buyers and investors which could allow both groups more room to move while continuing to promote overall stability. This comes into effect in January 2019.
This news, along with our own very strong sales results, shows that our wide range of product offerings and sound understanding of market conditions is continuing to work in favour of our customers. We welcome every opportunity to help you achieve the goals that are important to you – whether you’re looking to sell or purchase property.
Talk to us today about what’s happening in your market.
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