Archive for December, 2010

Daniels College of Business Studies – University of Denver

Investors and students from the Daniels College of Business Studies, University of Denver, visited Hawke’s Bay on Monday 6 December 2010 to investigate opportunities in the real estate market.

Morice arranged the tour of Napier and Hastings for the group of fifteen. Following a briefing on the markets, the group inspected commercial and industrial property, and vineyards, and undertook some wine tasting.

Hawke’s Bay Today

Mark Levine, who led the group from Denver, commented “I cannot say enough on how much our group appreciated your efforts today to give them a good feel for Napier. Thank you for your time, direction and expertise”.

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December 13, 2010 at 11:08 am

Reality hits hard for farmers trying to sell

Greg has recently been asked by the Sunday Star Times to comment on the Hawkes Bay rural property market. To read the full article click this link. In summary Greg comments are

…and regionally there are some signs of a lift. In Hawke’s Bay, property valuer and analyst Greg Morice said while larger grazing blocks were not selling, sales of smaller sheep and beef units of about 100ha had increased. Morice said that seemed to be because farmers were able to get finance for smaller blocks to add to their portfolio but not for larger properties. He said good properties were still selling beyond expectations but the more remote areas had taken a hit.Morice says part of his work was partnering with rural real estate agents to help sellers accept changes in the market. “Vendor expectations are still based on prices fetched two to three years ago. Agents who have a good cash buyer are using valuations to help make vendors see reality.”

December 7, 2010 at 12:58 pm


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