RU­RAL PROP­ERTY MAR­KET WATCH

South Waikato News - - Property -

This spring was late to ar­rive, and re­mained wet­ter and colder for longer than is usu­ally the case.

What that meant for the lo­cal ru­ral prop­erty mar­ket was a num­ber of oth­er­wise mo­ti­vated ven­dors shelv­ing their plans to sell farms.

Now the ground is dry­ing out, they are be­gin­ning to feel more pos­i­tive. How­ever, the mar­ket looks un­likely to gain much trac­tion this side of Christ­mas.

In­for­ma­tion from PGG Wright­son Real Es­tate’s net­work in­di­cates that var­i­ous other North Is­land re­gions are go­ing through a sim­i­lar process.

A va­ri­ety of farms are avail­able.

As dairy prospects con­tinue to im­prove, buy­ers are likely to gain con­fi­dence and gen­er­ate mar­ket mo­men­tum, set­ting us up for an ac­tive late sum­mer and early au­tumn.

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