Metrics Commentaries Q4 – 2012:
- Built commercial-industrial property sales that peaked Q4-07 at $104.7M were 82% lower 4.5 years later at $18.8M Q2-12 (transaction numbers peaked at 58 in Q4-07 and reduced 50% to 29 by Q2-12).
- Some early light indicates NZ is climbing out of a quagmire of economic negativity and returning to predominantly confidence – pessimism is falling away. This will ripple forward for property.
- Our Government’s immediate response to Canterbury Earthquakes Royal Commission findings will have calming effects and provide steerage around commercial buildings seismic capacity issues.
