PHOTO: CHRIS MCKEEN/STUFF – Not all apartments being promoted in the Auckland market will go ahead, Martin Dunn warns.
Could the Auckland apartment market be about to catch a fresh head of steam?
It’s a suggestion from apartment specialists City Sales who say city limits on outward growth and growing congestion will see demand pick up again.
The real estate agency’s principal, Martin Dunn, said the two factors were precipitating a shift to inner-city living “not seen since the gentrification of the Ponsonby and Freemans Bay workers cottages in the 1970s”.
But there would not be enough skilled tradespeople to cope with demand.
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