Anyone hoping for signs of a spring lift in housing market activity in the latest survey of real estate agents by the Real Estate Institute of New Zealand and economist Tony Alexander, will likely to disappointed. Fewer investors are active in the market. "People overseas lost interest in the New Zealand residential real estate market late in 2020 and remain disinterested," the survey's report says. "People overseas lost interest in the New Zealand residential real estate market late in 2020 and remain disinterested," the survey's report says. "There is no improving trend in expectations for price gains, and fewer agents now report that those investors seeking to buy are hopeful of getting a bargain," it says.

Source: Stuff November 04, 2022 04:34 UTC