Rental market also opening up

01 June 2020

Along with the growth in potential home buyers, TradeMe has also reported that after a dramatic 44% drop off in rental listing views after the first week of lockdown, there are healthy signs of a return of demand evidenced by watchlists and listings browsed. Head of TradeMe Properties Nigel  Jeffries commented that  “[TradeMe] are seeing healthy signs of activity returning to the market, with watchlist list rental property adds following a similar pattern to rental views”, while also noting “plenty” of properties available. While the full impact of COVID-19 is still being understood, there are optimistic signs for recovery in a post-lockdown rental market.

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