Covid effect boosts property market

The rural real estate market has continued its recent upward swing.

Real Estate Institute of New Zealand (REINZ) rural spokesperson Brian Peacocke says there were 386 farms sold from June to August, the best for that three-month period since 2016, when there were 393 sales.

Farm sales bounce back

An increase in farm sales compared to the same period last year is prompting guarded optimism in the rural real estate sector, with one rural manager describing the latest results as outstanding, given the lockdown in early autumn.