May 2020
Things have been moving fast since the Covid-19 outbreak started with the World Health Organisation declaring a global pandemic just a few months ago on 11 March 2020.
While the full flow on effect the pandemic may have on the rural property market is yet to play out, it is positive that we are still noticing a relatively active dairy farm market in Southland, particularly compared to other regions.
As shown in the Southland dairy farm sales map there have been nine sales since the start of the year and numerous others that are currently under negotiation.
Our data shows that land values remain lower than previous years, however, this trend was evident before the Covid-19 crisis started to unfold.