PHOTO: SUPPLIED – ASB economist Kim Mundy says uncertainty around the foreign buyers ban continues to weigh on the market.
Sellers have made a modest resurgence in the housing market, but uncertainty around price direction has locked buyers and sellers “in a bit of a stalemate”, an analyst says.
Property listings website Realestate.co.nz has released its latest data for April.
The total number of houses for sale nationwide increased to 26,269 in April, up 1.1 per cent from April 2017.
ASB economist Kim Mundy said the uncertainty about law changes for foreign buyers appeared to be tipping as some sellers began to realise the effect of the changes might not be as big as they initially thought.
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