Feature article
Tariffs and global uncertainty: potential affects on the NZ property market
From Property Economist Kelvin Davidson
AI summary
Global tariffs and economic uncertainty create mixed signals for the NZ property market. Property economist Kelvin Davidson notes that slower GDP growth could keep mortgage rates low, potentially boosting sales.
However, this is countered by job insecurity and a weaker economy. The market also has a high number of listings, giving buyers power and capping prices. Despite the uncertainty, a modest, slow upturn in sales and values is still the most likely forecast for 2025.
The tariffs in a nutshell
The possible property market affects
How are people reacting?
Nothing yet to suggest the housing market will swing wildly up or down
Author
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