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Luxury property sales in Auckland plummet, but surge in Queenstown and Bay of Plenty.
Luxury property sales in New Zealand have fallen over 50% in the last four years, with a 14% drop in Auckland in 2024.
However, sales in Queenstown Lakes District rose by 91% and increased by 20% in the Bay of Plenty.
This shift may indicate a migration of wealth from Auckland to other regions, though early signs point to a potential resurgence in ultra-premium property sales in Auckland.
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Las ventas de propiedades de lujo en Auckland desplomaron, pero aumentaron en Queenstown y Bay of Plenty.