Originally published: Scoop, 21 August 2020
Despite the predicted post COVID economic uncertainty in the building industry, a recent survey shows New Zealanders are still focused on property with 36% considering building a new home in the next 12 months.
The chief reason cited for choosing a new home build was because people could not find what they wanted in the existing real estate market.
“Over 24% of people cannot find what they want from existing homes, closely aligned with the fact 22% of New Zealanders believe building a home provides more value for money,” reveled Steven Zhu, Executive Director of Stonewood Homes, the company that commissioned the survey.
^ Survey conducted by Pureprofile 1000 sample nationally
