Press Release – REINZ
23 April 2021
Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 486 less lifestyle property sales (-20.0%) for the three months ended March 2021 than for the three months ended February 2021.Overall, there were 1,946 lifestyle property sales in the three months ended March 2021, compared to 1,794 lifestyle property sales for the three months ended March 2020 (+8.5%), and 2,432 lifestyle property sales for the three months ended February 2021.
8,974 lifestyle properties were sold in the year to March 2021, 1,785 (24.8%) more than were sold in the year to March 2020. The value of lifestyle properties sold was $8.60 billion for the year to March 2021.