PHOTO: LIZ MCDONALD/STUFF Sales have largely gone on hold for the level four lockdown period but commentators say it is unclear what will happen when the restrictions lift.
There could be 20 per cent fewer residential properties sold this year than in 2019, Corelogic predicts – and real estate agents could drop out of the industry as a result.
Sales have largely gone on hold during the level four lockdown period but commentators say it is unclear what will happen when the restrictions lift.
Corelogic head of research Nick Goodall said there was a spike in new listings of properties for sale just before the lockdown was announced.
He said that could be a sign that people had already realised there would be an economic impact from Covid-19 and were worried about how their jobs and income would hold up.
There could be more listings again when the lockdown finished, he said.
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