RURAL PROPERTY MARKET WATCH
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.