New Zealand has now moved into the protective framework known as the red traffic light system across the country. This is the government’s latest response to managing suppression of the COVID-19 pandemic and providing enough safety frameworks for the economy to continue to operate and for fewer restrictions given vaccination levels across the nation.
There have been several announcements regarding managed isolation and quarantine facilities and the pending international border changes for Australia and for many other parts of the world, which expect to see borders becoming less restrictive from mid-March 2022.
For the real estate market, while there are safety protocols in place, there has been a continuance of open homes and safe property viewings. Sales numbers decreased over the same time last year; however, prices have remained strong and there has been a continued upward trend in property values.
