And again, this positive finding does not remove the onus on commercial property investors to exercise appropriate care as they go about their business. Conclusion Summing up, property market developments in New Zealand over the past few years can be explained largely in terms of the economic cycle.
The relative strength of many segments of property - in terms of prices, rentals, vacancies, or new building activity - largely reflects growing levels of demand for property as the scale of the economy and the number of people in it expands. To that extent, these developments provide little reason for concern.