Property market on hold as Kiwis wait for election outcome
The New Zealand property market is in a ‘wait and see’ mode, as negotiations start in earnest to determine the shape of the government for the next parliamentary term, says realestate.co.nz spokesperson Vanessa Taylor.
“Home ownership has been a hot topic leading up to these elections and people have adopted a wait-and-see position,” she says.
Across the nation, new property listings for the month of September fell 11.8 per cent to 9,283 when compared to September 2016.
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