Despite huge concerns around Coronavirus, the housing market continues to be extremely buoyant. It’s amazing how quickly fear can spook markets, we noted an initial share market sell off. The silver lining is interest rates are low and likely to be lower with talk of imminent OCR cuts to offset the prospect of a Coronavirus induced economic downturn.
When all else fails, housing continues to perform. Latest statistics confirm property values have firmed consistently for the last 11 years in a row. In short we are extremely busy, with auctions continuing to be well supported, it would be fair to say in spite of all odds 2020 continues to feel like a good year for the Auckland residential market.
Worried about what to do with your money? The phrase ‘safe as houses’ comes to mind.
For those worried about visiting an open home in light of the Coronavirus and for those who are unwell we encourage you to take advantage of our digital walk through tours. We supply a walk through tour to all our marketed homes, these allow you to walk through the home at your desired speed using your mouse! It’s all part of going the extra mile for our customers – we call it ‘real estate by design’.
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