The early indications are that the third quarter sales for residential property in Gisborne (July through to September) will be down on the previous quarter. I am predicting it will be down by more than 25%. There were definite signs of market recovery during April through to June as more sales were transacted. It looked as though we had turned the corner and confidence was up, but with September looking like posting not much more than 30 sales, the total for the quarter is likely to be 100 – 110 sales in total. Final figures should be available next week. I welcome your comments as to why you think this is the case.
October 05 2009 05:30 pm | regional