Apartment solution stumbling
It’s widely accepted that one of the solutions to Auckland’s housing supply shortage is an increase in apartments – and apartment dwellers.
Traditionally, New Zealanders have preferred living in standalone houses but, due to demographic and cultural changes, the numbers of people opting for apartments is said to be on the rise.
According to a recent survey by the Centre for Sustainable Cities, Auckland is seeing “a gradual evolution of preferences away from standalone houses towards townhouses and apartments”.
However, sales data from property insights service, myvalocity.co.nz, suggests this is not the case.
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