House sales took a lift in May, with increased listings and sales volumes, reports the REINZ. Anecdotal evidence about a rise in confidence in the real estate market is backed by May figures on house sales presented by the Real Estate Institute of New Zealand (REINZ). The latest edition of the REINZ Residential Market Confidence Report shows although there are predictions of tougher times ahead for the New Zealand economy, "some green shoots of confidence are starting to show". STUFF Real estate agents are receiving more inquiries from overseas and some people are buying houses without seeing them. “It is still early days and too soon to make any calls with certainty about if the market is fully recovering.

Source: Stuff June 30, 2020 01:18 UTC