Hot housing market to fuel interest in Fletcher, retirement villages

Fri, 11 Dec 2020

Fletcher Building and retirement village operators will get a lift today from more positive housing data.The Real Estate Institute of NZ is set to publish November residential data at 9am which is “likely to continue the story of a booming housing market,” said BNZ senior strategist Jason Wong.The institute’s national house price index rose 13.5 percent in the year ended October. “The housing market has been running red-hot since New Zealand emerged from the covid-19 lockdown, boosted by record-low mortgage rates,&...

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