Hot New Zealand property market sees mad scramble for real estate | 1 NEWS

While predictions for the property market were all doom and gloom six months ago, New Zealand is now seeing a scramble for real estate amid the Covid-19 pandemic and an economic recession.

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Amid a global pandemic and an economic recession, Kiwis are lining up to buy houses, meaning there aren’t enough houses to meet soaring demand.
Source: Sunday


From first home buyers to multimillion dollar dealmakers, Kiwis are lining up to take advantage of the hot property market – and there aren’t enough houses to meet the soaring demand.

On Auckland’s Paritai Drive, house prices are rising, with one home buyer buying a $1.85 million property without stepping a foot inside.

The situation is the same in the South Auckland suburb of Manurewa.

“I’m quite frustrated. It’s every New Zealander’s dream to own their own property but we are struggling to do it,

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