Property data indicates link between elections and sales

A decline in property sales was recorded in the months leading up to the 2011 and 2014 elections, according to a report by property market data company Valocity.

Property Institute of New Zealand chief executive Ashley Church said the market data is proof to a suspected link between New Zealand elections and a “cooling” of the property market.

“Between the announcement of the date of the election in March 2014, and the election in September of that year, there was an average drop in sales of 23% per month in Auckland – followed by an immediate recovery to previous levels, post-election,” Church said.

A decline in property sales was recorded in the months leading up to the 2011 and 2014 elections, according to a report by property market data company Valocity.

Property Institute of New Zealand chief executive Ashley Church said the market data is proof to a suspected link between New Zealand elections and a “cooling” of the property market.

“Between the announcement of the date of the election in March 2014, and the election in September of that year, there was an average drop in sales of 23% per month in Auckland – followed by an immediate recovery to previous levels, post-election,” Church said.

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