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Real Estate Briefing - Categorized | Finance, Performance more

NZ: Sales in rural property almost doubled

Posted on 16 November 2011

Promising and productive weather has provided a solid platform for rural property sales and sales figures have rocketed. Statistics released by the Real Estate Institute of New Zealand (REINZ) show for the three-month period ending October 2011 sales increased by 94.6% on the same three months last year. 286 farms were sold compared to 147 in 2010.

This increase was because there were a lot more rural properties available on the market REINZ rural market spokesman Brian Peacocke says. This increase in properties for sale is attributable to three factors Mr Peacocke says……………………………………..Full Article: Source


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