Property investors targeting private sellers

The Nielsen Real Estate Market Report also suggests that the number of New Zealanders interested in investing in residential property has declined significantly over the past 12 months.

Last year, one in four of those surveyed said they intended buying residential property as a future investment. Now the figure is one in seven having the same intentions - the lowest level in the five year history of the survey.

This survey is in stark contrast to two other surveys of property investors since the Budget. The surveys by Landlords.co.nz and Mike Pero Mortgages, along with one by QV both showed that investors hadn't been put of property.

Simpson Grierson property lawyer and partner Greg Towers says that the Nielsen survey confirms observations that there has been a measurable decline in the number of transactions involving the traditional property investors.