Business at Century 21 in New Zealand is starting to boom

As lockdown lifts in New Zealand, the next couple of months look much more promising for Century 21

As New Zealand heads into Spring and starts to emerge from lockdown, the season is looking better for estate agency and property franchises like Century 21. Derryn Mayne, the Owner of Century 21 New Zealand says that the activity has stayed strong for its offices under Level 2 lockdown restriction measures. While Auckland was at alert level 3 it saw plenty of internet traffic from prospective buyers.

She said:

Real estate websites have enjoyed good visitations in recent weeks from Aucklanders - many of whom we can expect to pounce with Level 3 lifting. It’s safe to assume we’ll now see some extra activity going into spring, helped by some pent-up demand in Auckland after nearly three weeks in lockdown.

Derryn provides three reasons why September is set to be a great time to buy and sell houses in New Zealand:

1. Extension of the wage subsidiary scheme
2. General Election delayed until 17th October
3. Interest rates at record-low levels

The fact that the Reserve Bank has decided to extend the mortgage holiday scheme until 31st March 2021 is positive news for the housing market.

Derryn added:

Century 21 offices in the likes of Waikato have continued to experience high demand, with some great prices being achieved regardless of Level 2 or any uncertainty caused by Covid-19. In fact, most of the regions are still going from strength to strength.

There’s no doubt that Auckland has slowed down, but that in itself creates opportunities for the likes of first-home buyers and investors.

Level 2 is very workable for the real estate industry. The expected flurry of activity going into spring will be easily, but sensibly, accommodated.

Century 21 in New Zealand will follow two-metre social distancing, use a contact tracing system at open homes, and restrict auction attendance numbers.

You can find out more about the Century 21 franchise opportunity in the UK and its client page.