Values rise as property shortage continues
So where is the market heading? A general shortage of properties is likely to see values continuing to rise in many parts of Auckland. In the coming months it is likely that more parts of the country will follow Auckland and begin to increase also, with the probable exception of Wellington. As spring approaches, it is likely that more properties will come on the market which may see sales volumes increase a little more also. While general consumer confidence seems to be increasing, there are still headwinds in the market which are likely to keep things below normal levels for the time being. Read article here