Tuesday, April 15, 2014

Some buyer resistance to prices is emerging in the Otago rural real estate market, despite solid localised activity for sheep and beef farms.

That came through in the Real Estate Institute of New Zealand's rural report for the three months to March.

Nationwide there were 1,842 farms sold in the year to March, 28.5% more than the year before.

There was almost no movement in the median price.

In Otago, 43 farms were sold in the three months to March, compared with a figure of 33 last year.

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