Today is Friday, 25 June 2021
Our Take on the Market
2020 – a year I’m sure a lot of us will be happy to see the end of.
Despite all the post Covid lock-down predictions the property market is going strong – very strong.
Ex-pats returning home and record low interest rates appear to be driving the market hard.
Spring has bought a new flurry of listings to the market and it’s like everyone is trying to make up for the lost time earlier in the year. Even with it being an election year, which traditionally slows the volume of new properties to the market, there are consistently 10 plus new properties a day coming on in the immediate Howick area.
Auction is the preferred method of sale with many being bought forward with pre auction offers that are then often bettered at the auction.
September saw a 33% increase in the amount of new mortgage lending over the same month last year, and that’s with the banks increasing stringency around lending criteria.
So the lead up to Christmas is going to be a busy one for the market.
What the new year brings? – well lets just wait and see
Please feel free to contact me anytime on 0274966966 to discuss your property needs.
Greg Roy AREINZ, Principal/Owner
TOTAL FOCUS PROPERTY LTD