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Peter Thompson: Barfoot & Thompson managing director on May property demand soaring to highest level since 2021 · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talks'd be follow
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• 0:17
  Speaker 1: Heather duper c Allen.
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  Speaker 2: The oakme property market got a little boost last month.
• 0:20
  Speaker 2: Barfoot and Thompson sold nine hundred and sixteen homes in May.
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  Speaker 2: That is the most they have sold in May for
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  Speaker 2: three years. Peter Thompson is Barfort and Thompson's managing director
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  Speaker 2: and with us now.
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  Speaker 3: Hey, Peter good evening hither the fact that.
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  Speaker 2: Sales are up but prices remain low, if not slightly falling,
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  Speaker 2: does that tell you that sellers are finally accepting prices.
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  Speaker 3: Yeah, I think that's a good way to describe it.
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  Speaker 3: I think what we've called is a good supply of
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  Speaker 3: properties on the market at the moment, which is giving
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  Speaker 3: by is a lot more choice. And the vendors that
• 0:51
  Speaker 3: are wanting to sell their houses, those that are listening
• 0:55
  Speaker 3: to the feedback that the agents are giving them and
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  Speaker 3: pricing their properties to sell, are seeing sales being made.
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  Speaker 3: There are there are some vendors that still want that
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  Speaker 3: ultra high price, and the problem is that the longer
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  Speaker 3: they keep thinking that they're going to lose the buyers
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  Speaker 3: to know many other options that are coming on the market.
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  Speaker 2: Do you reckon it'll continue through winter because winter you
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  Speaker 2: don't generally get like heaps of sales.
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  Speaker 3: Yeah, I think we are and for quite a good
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  Speaker 3: little slow boosted market. It's interest rates are still the
• 1:32
  Speaker 3: big thing that's holding the market ready taking off. But
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  Speaker 3: you know, whilst we've got good buyers out there and
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  Speaker 3: plenty of stock. You know, people, you know, sometimes the
• 1:43
  Speaker 3: best time to buy probably is on winter when you
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  Speaker 3: can find all the leaks and everything that goes with that.
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  Speaker 3: You know, if you love it in winter, you're going
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  Speaker 3: to really love it in summer. And a lot a
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  Speaker 3: lot of people do buy in winter, so you know,
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  Speaker 3: it is positive science. There will be the slight slowdown
• 2:01
  Speaker 3: with you know, sports and all that played in the
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  Speaker 3: weekends by families and the kids in particular, but we're
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  Speaker 3: in for a good time, good stuff.
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  Speaker 2: I'm pleased to hear it. You guys need it, Peter,
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  Speaker 2: Thank you very much, Peter Thompson, barfot and Thompson, Managing director.
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