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      Home > News > Business

    Softening performance in the property market - reflecting external factors at play

    Softening performance in the property market - reflecting external factors at play

    16 May 2024
    CoreLogic's Pain & Gain report reveals the proportion of properties sold with a profit, has slipped to 93 percent, at the beginning of this year.

    This compares to 99 percent sold with a profit in May 2021.

    Chief Property Economist Kelvin Davidson says more listings are offering more choice to buyers - and some are managing to get through sneaky offers.

    He says the wider influences are subduing price pressures - making it trickier for resellers compared to the market a couple of years ago.

    © 2024 Newstalk ZB, NZCity


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