A coronavirus-induced tumble in house prices isn't a given, Waikato's real estate bosses say. Economic consultancy Infometrics has forecast house prices to tumble 11 percent by the end of 2021. Lugtons managing director Simon Lugton expects the Waikato housing market to cool at some point but said there are no signs of that happening yet. Dominico Zapata/Stuff Lodge Real Estate managing director Jeremy O'Rourke said a drop in house prices isn't a sure thing. It isn't a given that house prices will drop in Waikato in the wake of the Covid-19 crisis.
Source: Stuff June 02, 2020 04:30 UTC