Real estate confidence stable

Just under quarter of consumers believe average real estate prices will fall.

The survey was conducted during the week of 16 October 2006. A total of 429 consumers responded to it.

Survey respondents were asked, “In your opinion, over the next six months, how will the New Zealand residential real estate market behave?”

Forty-three per cent responded, “Average prices will rise,” 35% responded, “Average prices will remain the same,” and 22% responded, “Average prices will fall”.

“The survey paints a picture of a relatively stable market in which risk and opportunity are well balanced,” said Shaun Di Gregorio, general manager of allrealestate.co.nz. “I think buyers, sellers and agents will find the numbers reassuring.”