Real estate stories
Valocity joins Microsoft in a co-sell partnership, leveraging the tech giant's global sales team to expand its Property Valuation Platform's reach.
Transaction volumes are expected to fall sharply after lockdown, with weaker demand and limited listings likely to push prices lower.
Hundreds of millions in rent and project revenue are at risk as New Zealand's commercial property sector warns of wider economic damage.
Lockdown has forced Invercargill Central to push back its planned opening, complicating talks with Farmers and bank financing for the project.
New Zealand property owners are being urged to avoid panic decisions, as low rates and support measures may help cushion the lockdown fallout.
Online property searches have surged as lockdown restrictions curb listings, while average asking prices in March still rose 5% year on year.
Bond markets and prolonged virus disruption could strain weaker firms, with airlines, shipping and non-food retail facing the biggest risk.
Commercial landlords could face rent relief claims as lockdowns trigger emergency no access clauses in many New Zealand leases.
Health and hygiene measures are likely to become permanent fixtures as the COVID-19 outbreak pushes employers to rethink office design and indoor air quality.
Market turmoil has scuppered Centuria Capital’s NZD $180 million bid for Augusta Capital, sending the fund manager’s shares down 8.3 percent.
Tenants face a temporary freeze on rent rises and evictions as New Zealand's four-week COVID-19 lockdown halts viewings and house moves.
Auckland’s southern land values could rise as the transport package unlocks new homes, jobs and development, Colliers says.
Lower borrowing costs are expected to bolster New Zealand property demand, with record-low interest rates giving buyers greater certainty and confidence.
Statistics NZ said smaller standalone houses and more multi-unit builds have pushed the average floor area of new homes down 21% in a decade.
Targeted advertising can speed up a home sale and lift the final price, as interest from online-only listings often fades quickly.
A New York court ruling could force the 52-storey tower to shed top floors, imperilling its priciest apartments and penthouse.
Auckland's housing crisis could deepen if the Drury project fails to deliver affordable homes despite NZD $2.4 billion in transport spending.
New Zealand home values kept climbing in February, lifting the average house to NZD $722,475 and worsening affordability for buyers.
Buyers could face stronger competition and higher prices this month as warm weather and tight stock tempt more vendors to list.
Demand for affordable Auckland townhouses is squeezing supply, as first-home buyers snap up projects off the plans before building begins.
