As the real estate market in New Zealand continues to slump, sellers are making several aggressive offers to sell homes. The real estate industry has adopted various tactics to sell houses to people like drastic price reductions, heavy discounts and unbelievable offers. Offers are announced to try something different, dispelling the pessimism that the house won’t sell. An interesting ad in it makes sense of the situation.
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A real estate firm has announced that it will offer a luxury Tesla car as a bonus for the purchase of a newly built five-bedroom house. This strange but profitable ad went viral as soon as it came out, many people enjoyed it.
News channel TVNZ 1 reported that the ad featured a “brand new Tesla and a brand new house” in a different ad.
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Barfoot & Thomson sales agent Kapil Rana floated the idea, saying it was a “bonus” rather than an added cost to the vehicle’s market value.
Tesla cars sell for around $72,400 in New Zealand. The home listed for sale is valued at approximately $1.8 million. Rana said she has received more than 50 emails since the ad came out on Tuesday.
Despite this, with 400 vacant homes on the market for months, no one has come forward to buy the home in the suburb. Demand for housing has fallen sharply due to high interest rates.
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House prices fell 10.9 percent year-on-year to $825,000, according to data released by real estate firm REINZ this week. The total volume of homes sold in October also fell dramatically: sales fell 34.7 percent compared to last year. That is, the number of houses sold decreased from 7,486 to 4,892.
New Zealand’s central bank has been trying to control inflation by raising interest rates, which has also affected home loan interest rates. As demand fell, house prices fell.
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