Increase in property listings creates buyers market in New Zealand, it is claimed

Discussion in 'Australia Property' started by Nicholas Wallwork, Apr 8, 2010.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    [​IMG]An increase in new listings is keeping the real estate market in New Zealand in negative territory*and very much in favour of buyers, according to the latest report.

    More than 14,000 new listings were added to the New Zealand property market in March, bringing*the number of unsold homes to 55,623 and it will take more than a year to clear the available*stock, says the report from realestate.co.nz.



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