Data

Guest nights across New Zealand for the three months of summer were flat due to a subdued domestic market, according to the latest Accommodation Data Programme figures.

Queenstown is the only major hotel market to consistently track above lat year’s performance during the start of autumn, according to figures from STR.

There were 36,870 properties on the market in March 2025, up 10.9% on the same month last year, according to realestate.co.nz.

Property plays a primary role in the Māori economy, with a capital allocation valued in the billions.

BNZ is predicting a 7% increase in national house prices this year.

Property information provider CoreLogic has rebranded to Cotality.

The govt says the high number of requests for information across commercial and residential consents applications justify reforms.

Advertised salaries on the SEEK platform for the real estate and property sector rose 4.4% in February 2025 compared to the same month last year.

A record net 24% of residential property investors this month have reported that it is difficult to find a good tenant.

New Zealand’s economy has surprised economists by moving out of recession, growing 0.7% in the three months to the end of December 2024.

After a good summer, Christchurch led New Zealand’s major hotel markets down as the country entered autumn, according to figures from STR.

Accommodation and food and beverage services had higher seasonally adjusted sales in the December 2024 quarter, compared to the previous three months.

Spending on hospitality fell by $1.2m or 0.1% in February this year, compared to January, according to the latest Stats NZ electronic card transactions report.

The SailGP event, along with two sell-out concerts at Eden Park by American country singer Luke Combs over one weekend in January, generated over $5m of additional room revenue for Auckland hotels.

Sales of rental, hiring, and real estate services totalled $9.3bn in the December 2024 quarter.

Wellington and Auckland are dragging the country’s hotel market down with the former significantly below the results seen this time last year, according to figures from STR.

CBRE’s latest Transaction Monitor show 96 deals over the six months, with both the number of transactions and their value exceeding the same period a year earlier.

But the value of all non-residential building work was largely static at nearly $13bn in 2024, according to Stats NZ.

Stats NZ’s January 2025 data for consents portray mixed picture for commercial property, says Westpac.

National housing stock levels climbed to over 35,712 in February 2025, the highest since 2015, according to realestate.co.nz.

The value of building consents issued for hotels, motels and other short term accommodation totalled $249m in the year to January 2025.

The slowdown in the tourism recovery and tough economic conditions dragged most of NZ’s hotel markets in 2024 – but the south stood out.

The number of real estate and property jobs adverts on the Seek platform increased 2% in January 2025 compared to December 2024.

Farm sales totalled 302 in the three months to January 2025, up 26.9% compared to the same period a year earlier.

Good occupancy over the summer and even better room rates have given Queenstown’s hotels a decent bump in revenue, according to figures from STR.

More residential property investors are considering selling, according to the February 2025 Investor Insight survey conducted by Crockers Property Management and economist Tony Alexander.

Office market activity is largely static in Invercargill but demand for prime retail and industrial space across Southland remains strong, according to CBRE.

The consultancy’s latest analysis shows the sector enjoying modest but encouraging growth over the peak season.

Retailers are feeling confident about their businesses’ surviving 2025, despite not meeting sales targets over the Christmas season, according to the latest Retail NZ Retail Radar survey.

Forbes takes a look at the rapid adoption of generative AI, which will require more advanced data centres, which in turn, require massive amounts of electricity to power them.