Christchurch rental property demand soars

Rental demand from tenants up 13 per cent on a year ago.
Photo / Herald on Sunday
Rental demand from tenants up 13 per cent on a year ago. Photo / Herald on Sunday

Christchurch rental properties are the most sought after in the country.

Trade Me Property's new figures show rental demand around the country is up 13 per cent on this time last year.

Head of Trade Me Property Brendon Skipper said last year the Christchurch earthquakes and Rugby World Cup both significantly affected the market.

He said undamaged Christchurch homes were hot property at the moment, with demand soaring 45 per cent.

Mr Skipper said that last year prices rose on average 3 per cent and landlords may be able to capitalise on strong demand this year.

- Newstalk ZB

© Copyright 2014, APN New Zealand Limited

Assembled by: (static) on red akl_n4 at 25 Jul 2014 17:18:36 Processing Time: 5165ms