| 129 PROPERTY Bayleys Group - Waikato Bayleys Waikato head office in Hamilton. current combination of high interest rates with accompanying low confidence together with immigration slowing down, all working to take the edge off the market. “I think there’s a large portion of the market that are waiting to see interest rates trend downwards, and when that happens, we’ll see confidence restored and prices start to firm,” he says. That the market will correct David has no doubt however, having himself been through at least two real estate cycles in his 20 years in the industry, with buyers and developers re-entering the market with gusto once the new cycle begins. “We’re in a cyclic industry and there is light at the end of the tunnel. I’m very confident we’ve been through the worst,” says David. Which is why he and his commercial teams stay well on top of what’s available, ready for the time when the developers who have been holding off buying decide they need something to work with for the next few years, and businesses who have been holding off buying extra space decide the time to buy that new warehouse has come. BUILDING AND HOUSEWASHING SPECIALISTS IN HAMILTON, TAURANGA & AUCKLAND With our passion for washing and obsessive service, we'll improve the presentation of your property while protecting your asset and making it an easy experience for you. Proud to support Bayleys Group with their property cleaning requirements. HAMILTON 021 605 864 quote@grimeoff.co.nz TAURANGA 0274 994 237 tauranga@grimeoff.co.nz AUCKLAND 022 6953313 onkar@grimeoff.co.nz
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