Lifestyle block prices 'solid'
The lifestyle property market reported a 4.7% fall in sales in the three months to May compared to the same time last year. There were 1757 over the period, compared to 1844 in the three months to May 2013. Fifty more sales were recorded compared to the three months to April.
For the 12 months to May 2014 there were 6594 unconditional sales of lifestyle properties, an increase of 7.2% (+444 sales) over the 12 months to May 2013.
Six regions recorded increases in sales compared to May 2013 while six recorded decreases in sales.
Otago recorded the largest increase (+35 sales), followed by Northland (+14 sales) and Taranaki (+13 sales). West Coast and Southland were unchanged. Compared to April, nine regions recorded an increase in sales with five regions recording decreases.
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