Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets
The pipeline for Auckland’s build-to-rent projects has shrunk significantly, with the number of active units dropping 45% from Q3 to Q4, according to CBRE data. Projects have fallen from 643 units across four developments to 352 units in three developments, reflecting a 62% decline since the peak of 927 units over 14 projects in Q2 2022. Simplicity’s chief executive, Sam Stubbs, described the situation as one of the most challenging periods for the industry. The sharp drop underscores mounting difficulties faced by the sector in navigating economic and operational hurdles.
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