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House prices: If there's another outbreak, the impact will be 'almost cataclysmic'

Real estate activity has bounced back post-lockdown with sales up in some parts of the country and buyers paying above-CV prices. Photo / Ted Baghurst

Housing market experts have revised their price forecasts on the back of stronger than expected sales activity post lockdown, saying it's unlikely New Zealand is headed for a crash.

But all are agreed that fresh Covid 19 outbreaks would mean all bets are off.

As NZME launches a new nationwide campaign with REINZ, Know the landscape, aimed at keeping Kiwis informed about buying and selling property post-Covid-19, OneRoof polled leading economists and other real estate experts about the future of the housing market.

The prevailing sentiment was the country is not in as bad a position as it could be