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NZ: Residential real estate market starts year firmly

Posted on 15 February 2013

Prices are strongly seen as rising and agents view the market as being a sellers one. This month for the first time we have introduced a question regarding whether foreigners appear to be more or less active in the market. While not revealing the actual level of their presence the results do show that in aggregate there has been no rise in foreign buying activity compared with a month ago.
With regard to where such buyers largely come from the top country is the United Kingdom with 27% of agents noting this, followed by China at 24%, then Australia 22%. In Auckland however Chinese buyers are seen as prevalent among foreigners by 45% of agents responding. It will be interesting to track these results over time………………………………………..Full Article: Source


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