LVR rules affecting FHBs most: Alexander
BNZ chief economist Tony Alexander said the results of the first BNZ/REINZ survey of real estate agents for the year would be released next week.
But he said preliminary analysis of the results showed that things were improving after the shock of the rules introduced last October.
In December, agents estimated that 15.3% of their sales were to first-home buyers, down from 23.3% in May. In January, that had lifted slightly to 16.2%. “Perhaps there is a slight recovery happening in first-home buyer activity. We shall monitor this.”
Agents were asked how many sales were to investors. In January, they estimated that 19.4% were to landlords, both based in New Zealand and overseas.
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