Press Release – REINZ
23 April 2021
Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 113 more farm sales (+40.8%) for the three months ended March 2021 than for the three months ended March 2020.Overall, there were 390 farm sales in the three months ended March 2021, compared to 445 farm sales for the three months ended February 2021 (-12.4%), and 277 farm sales for the three months ended March 2020.
1,549 farms were sold in the year to March 2021, 27.3% more than were sold in the year to March 2020, with 123.7% more Dairy farms, 8.7% less Dairy Support, 51.9% more Grazing farms, 41.4% more Finishing farms and 41.2% less Arable farms sold over the same period.
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