PHOTO: Tony Alexander
The results this month look very much like those from four weeks back. Clearly, planned changes to the CCCFA legislation have not elicited a positive response from buyers who continue to stand back from the market.
A firm majority of agents feel that house prices are falling in their location, FOMO is essentially non-existent, and fear of over-paying (FOOP) has risen to a gross 64% of agents observing it on the part of buyers.
The survey results show that the pullback in the New Zealand residential real estate market from the extremes of 2020 and 2021 has continued largely unabated this past month.
For more information, please see the report HERE: REINZ and Tony Alexander report_April 2022
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