{"id":28483,"date":"2020-10-22T11:45:33","date_gmt":"2020-10-21T22:45:33","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=28483"},"modified":"2024-03-01T20:48:43","modified_gmt":"2024-03-01T07:48:43","slug":"how-have-global-property-markets-bounced-back-after-lockdown","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/how-have-global-property-markets-bounced-back-after-lockdown\/","title":{"rendered":"How have global property markets bounced back after lockdown?"},"content":{"rendered":"<p><strong>PHOTO: How have global property markets fared after COVOD-19 lockdowns?\u00a0<span class=\"photographer\">Photo:\u00a0iStock<\/span><\/strong><\/p>\n<div class=\"domain-article-content-body domain-content-event-track\">\n<p class=\"first-para\">The tougher the lockdown, the quicker the bounce back for the property market, an analysis of listings in cities around the world has shown.<\/p>\n<p>New property listings in Australia, <a href=\"https:\/\/propertynoise.co.nz\/au\/massive-covid-19-property-boom-new-zealand\/\">New Zealand<\/a>, the UK and the US all fell significantly during respective lockdowns, but the rebound has varied depending on the severity of the restrictions, the analysis by Domain showed.<\/p>\n<p>In <a href=\"https:\/\/propertynoise.co.nz\/au\/massive-covid-19-property-boom-new-zealand\/\">New Zealand<\/a> and the UK, where lockdowns were strict and all but shut down the housing market, the rebound in listings and sale volumes was \u201cunseasonable\u201d, Domain senior research analyst Nicola Powell said.<\/p>\n<p>\u201cYou\u2019ve got this snowball effect where the longer the lockdown, the more people are waiting to transact, so the rebound is stronger,\u201d Dr Powell said.<\/p>\n<p>Melbourne, too, has seen a rapid rebound in listings since stage 4 restrictions for real estate, which banned in-person inspections, started easing in early October.<\/p>\n<p>Domain data showed weekly listings dropped by as much 70 per cent during the most recent lockdown \u2013 compared with the 40 to 50 per cent drop seen by most Australian capitals during the stage 3 restrictions earlier in the year.<\/p>\n<p>By October 4, they had bounced back by a whopping 241 per cent from the previous week.<\/p>\n<p>\u201cThis recovery is stronger than any Australian city post-lockdown in May,\u201d Dr Powell said.<\/p>\n<\/div>\n<p>READ MORE VIA <a href=\"https:\/\/www.domain.com.au\/news\/how-have-global-property-markets-bounced-back-after-lockdown-998128\/\">DOMAIN<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"Billionaire Phillip Dong Fang Lee again runs foul of regulators on his pristine bushland property\" href=\"https:\/\/propertynoise.co.nz\/au\/billionaire-phillip-dong-fang-lee-again-runs-foul-of-regulators-on-his-pristine-bushland-property\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i1.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2019\/08\/The-400-hectare-property-at-Fame-Cove.jpg?fit=600%2C413&amp;ssl=1&amp;resize=40%2C40\" alt=\"Billionaire Phillip Dong Fang Lee again runs foul of regulators on his pristine bushland property\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; 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lockdowns?\u00a0Photo:\u00a0iStock<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/how-have-global-property-markets-bounced-back-after-lockdown\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":28484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098892,478108952,478112140,478098519,478098535,478100939,478098513,478098579,478098510,478098514,478098511,478098705,478098533,478098509,478098618,478101766,478109418],"class_list":["entry","author-data123nz","post-28483","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-corelogic","tag-covid-19","tag-global-property-markets","tag-home-ownership","tag-house-prices","tag-nicola-powell","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-sydney-property","tag-uk-property","tag-uk-property-market-2"],"yoast_head":"<!-- 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