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Peter Thompson: Barfoot & Thompson managing director on May property demand soaring to highest level since 2021

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Auckland's largest real estate agency experienced a significant boost last month.

Barfoot & Thompson's property sales for May were up 30 percent on April and up 27 percent compared to May 2023.

The agency's managing director, Peter Thompson, says the company's experiencing a small boom in demand, which has been lessened by the current interest rates. 

"I think we're in for a quite a good little slow boosted market. Interest rates are still the big thing that's holding the market really taking off."

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