Hastings Napier Rents and Yields Summary June 2012

9/7/2012
Download the latest research on the Hastings and Napier commercial property market.

In summary

  • Prime property continues to 'hold steady' despite an uncertain world outlook
  • Hawke's Bay statistics show a further weakening of economic growth; investor confidence is slightly weaker compared with a year ago
  • Building seismic issues bring uncertainty to property trading and it will take the market some time to establish clarity with the long run position
  • Investment property yields in both Hastings and Napier are stable and remain similar to previous levels at 8.1% and 7.7% respectively
  • Demand is apparent from investors for prime retail property but supply is limited. Industrial property is also in demand and shows the best returns, this is consistent with other regions where the industrial sector shows the earliest recovery.

 
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