PHOTO: CoreLogic
MEDIA RELEASE
The balance of evidence suggests ‘more of the same’ into 2021 for the already-rising housing market
Given that property listings are likely to remain tight into 2021, and that low interest rates are both encouraging borrowing and reducing the incentive to hold cash in the bank, the direction of travel for the housing market will probably remain upwards for at least the first half of next year (assuming no COVID shocks). This means property will stay firmly at the forefront of our political landscape – especially since mortgaged investors’ share of purchases has now hit a four-year high.
Needless to say, 2020 has been a crazy year for the economy and the housing market, but what might 2021 have in store?
READ THE FULL REPORT HERE: 201222 CL NZ Pulse 2021 look ahead
