8 Sep 2021

Covid-19: Post lockdown house prices surge not expected

From Morning Report, 7:49 am on 8 September 2021

Is the property market booked for a rerun of the big surge we saw after last year's big lockdown?

Probably not, according to the latest QV House Price Index, which appears to be showing a significant slowdown.

A slowdown isn't the same as a significant drop, and QV thinks it will be a long time before the market will be in reach for many, especially younger people.

Property prices are still up 26 percent on a year ago.

QV general manager David Nagel spoke to Susie Ferguson.