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2021 Interview of 429 Experts around the World on Covid-19
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Boyd GrossCountry: New Zealand
City: Napier
Position: Director
Organization: Logan Stone Ltd
On the whole, what was the percentage change in housing prices in your city during end 2019 to end 2020In your opinion, what will be the percentage change in housing prices in your city during end 2020 to end 2021
When will the property markets recover after Covid-19?
| Sector | Answer |
| Agricultural land |
|
| Urban land |
|
| Office |
|
| Shopping |
|
| Industrial properties |
|
| Hotels |
|
| Resort properties |
|
| Rental housing & rental apartments |
|
| Owner-occupied apartment or condominiums |
|
| Detached houses, rowhouses or low-rise residence |
|
| Residential land subdivision |
|
| Retirement living |
|
| Overall Assessment for your country |
|
What are ‘new normal’ in real estate in your opinion?
I have not answered the above selections as there was no option to select for sectors that have not been impacted by Covid. i.e. all sectors of the New Zealand (NZ) market have appreciated since Covid, which was a continuation of the trend pre Covid. The new normal in the NZ market is the aggressiveness of buyers around asset demand and the limited supply. This is creating a high level of risk which Valuers (Bankers, investors) are of the view that it must be near the "Top" yet keeps going.
How should we adjust ourselves in real estate business?
The adjustment required is improving and providing more detailed advice as to market bubbles and bull amrkets while still reflecting the market sentiment.
Which sectors are you in? (multiple choices)
2021 Interview of 429 Experts around the World on Covid-19
