{"id":1705,"date":"2021-08-10T09:11:25","date_gmt":"2021-08-10T09:11:25","guid":{"rendered":"https:\/\/www.webuyproperty.co.nz\/?p=1705"},"modified":"2026-09-22T11:02:29","modified_gmt":"2026-09-22T11:02:29","slug":"christchurch-housing-market-drives-impressive-growth-in-building-consents","status":"publish","type":"post","link":"https:\/\/dailybasisnews.com\/designs\/we-buy\/christchurch-housing-market-drives-impressive-growth-in-building-consents\/","title":{"rendered":"Christchurch Housing Market Drives Impressive Growth in Building Consents"},"content":{"rendered":"<p>Insatiable demand from investors and homebuyers has prompted the development of numerous\u00a0new homes\u00a0in Christchurch. The city has issued building consents\u00a0for as many as 2800 new projects hitherto, in the last 12 months. The<strong>\u00a0Christchurch housing market<\/strong>\u00a0now reflects a 12% year-on-year growth in 2020-21, in this regard.<\/p>\n<h1>What\u2019s fueling the growth?<\/h1>\n<p>Market experts are quick to note that the go-order on a slew of new residential projects, comes down to three notable factors:<\/p>\n<ul>\n<li>Government diktat for interest deduction from property investors<\/li>\n<li>Demand for a new property with median housing prices entering a cool-off period<\/li>\n<li>Confidence in the market to continuously produce new, value-for-money housing<\/li>\n<\/ul>\n<p>The market should be even stronger by the time the recently consented new listings are complete, as per <strong>Christchurch housing market predictions <\/strong>from the builders themselves.<\/p>\n<h1>What\u2019s changed in the <strong>Christchurch housing market <\/strong>in FY2021 Q2?<\/h1>\n<p>The FY2021 Q1 was quite a lackluster affair for the Christchurch realty market in terms of new housing. \u00a0The \u2018winter cool-off\u2019 period, teamed with a shortage of new listings slowed activity in the realty market. Sales were down as the residential value growth was down by 3.7% in April, 2.5% in May, and 1.9% in June. This catalyzed the resale market as buyers and investors were gripped by the Fear-of-Missing-Out.<\/p>\n<p>However, June-end brought along more favorable tidings thanks to the factors cited above. <strong>Christchurch housing market updates <\/strong>indicate that the sanction of building consents furthers the recuperating interest in new listing investments\/purchases. This also clears apprehension in the new governmental regulations.<\/p>\n<p><strong>Christchurch housing market predictions <\/strong>from the specialists also confirm that the median prices are here to stay after a 25.8% annual increase. The new median of $651,914 is not detracting consumers in terms of affordability, at all. If anything, the new building consents have bolstered demand for more, new listings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Insatiable demand from investors and homebuyers has prompted the development of numerous new homes in Christchurch. The city has issued building consents for as many as 2800 new projects hitherto, in the last 12 months. The Christchurch housing market now reflects a 12% year-on-year growth in 2020-21, in this regard. What\u2019s fueling the grow&#8230;<\/p>\n","protected":false},"author":5,"featured_media":3469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17,47],"tags":[69,70,71,72,73,65,66],"class_list":["post-1705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-christchurch-real-estate","category-new-zealand-real-estate","tag-christchurch-housing-market-construction-updates","tag-christchurch-housing-market-growth","tag-christchurch-housing-market-latest-news","tag-christchurch-housing-market-latest-updates","tag-christchurch-housing-market-markets","tag-christchurch-housing-market-news","tag-christchurch-housing-market-predictions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Christchurch Housing Market Drives Impressive Growth in Building Consents - We Buy Property<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Christchurch Housing Market Drives Impressive Growth in Building Consents - We Buy Property\" \/>\n<meta property=\"og:description\" content=\"Insatiable demand from investors and homebuyers has prompted the development of numerous new homes in Christchurch. The city has issued building consents for as many as 2800 new projects hitherto, in the last 12 months. The Christchurch housing market now reflects a 12% year-on-year growth in 2020-21, in this regard. What\u2019s fueling the grow...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailybasisnews.com\/designs\/we-buy\/christchurch-housing-market-drives-impressive-growth-in-building-consents\/\" \/>\n<meta property=\"og:site_name\" content=\"We Buy Property\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-10T09:11:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-22T11:02:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailybasisnews.com\/designs\/we-buy\/wp-content\/uploads\/2021\/08\/home-construction-KUC6SXC-768x513-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"513\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"WeBuyProperty Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"WeBuyProperty Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/christchurch-housing-market-drives-impressive-growth-in-building-consents\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/christchurch-housing-market-drives-impressive-growth-in-building-consents\\\/\"},\"author\":{\"name\":\"WeBuyProperty Team\",\"@id\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/#\\\/schema\\\/person\\\/6beab7d2067e61aa2dda249f60e04026\"},\"headline\":\"Christchurch Housing Market Drives Impressive Growth in Building Consents\",\"datePublished\":\"2021-08-10T09:11:25+00:00\",\"dateModified\":\"2026-09-22T11:02:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/christchurch-housing-market-drives-impressive-growth-in-building-consents\\\/\"},\"wordCount\":308,\"publisher\":{\"@id\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/christchurch-housing-market-drives-impressive-growth-in-building-consents\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/home-construction-KUC6SXC-768x513-1.jpg\",\"keywords\":[\"Christchurch Housing Market construction updates\",\"Christchurch Housing Market growth\",\"Christchurch Housing Market latest news\",\"Christchurch Housing Market latest updates\",\"Christchurch Housing Market markets\",\"Christchurch Housing Market news\",\"Christchurch Housing Market predictions\"],\"articleSection\":[\"Christchurch Real Estate\",\"New Zealand Real Estate\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/christchurch-housing-market-drives-impressive-growth-in-building-consents\\\/\",\"url\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/christchurch-housing-market-drives-impressive-growth-in-building-consents\\\/\",\"name\":\"Christchurch Housing Market Drives Impressive Growth in Building Consents - 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