The 32 reported house sales in Gisborne for May continue the trend of low sales volumes for 2010. While agents, banks, mortgage brokers, removal companies and solicitors plus a host of associated business would dearly love the return to the higher levels of sales activity that was seen in previous years the fact remains; this is our current reality and we have to get used to it.
Despite the gloom it’s important to remember that houses are still selling, buyers are still buying and life is still going on. There will always be genuine reasons why people need to sell. The most common are the 3D’s : death, divorce and da bank. And people need to upsize, downsize, or transfer out of town. And there are people still looking for investment property too. There will always be opportunities for buyers and sellers to make lifestyle or wealth gains. You just need to keep an eye on the bigger picture, instead of retrenching, reacting negatively and shrinking to the current reality. Remember, fortune favours the bold!
June 22 2010 07:47 am | Market opinion