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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Auckland's largest real estate agency experienced a significant boost last month.
Barfoot &amp; 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."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/af9c8d9b-23b1-47ff-9abe-b186006124e1/transcript