FARM SALES WERE up 47.3% (133 farms) for the three months ending November 2013, compared to the same period in the previous year, says the Real Estate Institute of New Zealand.

Despite lower farm sales in the three months to the end of October compared to last year, the Real Estate Institute of New Zealand (REINZ) expects a lift this month.

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 13 more farm sales (+3.3%) for the three months ended June 2012 than for the three months ended June 2011.

Farm sales were up by 28.3% or 103 more farms in the three months ending May 2012 compared to the same three months last year, Real Estate Institute of NZ (REINZ) figures show.

A total of 1398 farms were sold in the year to May 2012, 50.3% more than were sold in the year to May 2011.

Farm sales are on the rise. Data released by the Real Estate Institute of NZ shows there were 153 more farm sales (+52.8%) for the three months ended April 2012 than for the three months ended April 2011.

THE RURAL real estate market is seeing a sustained recovery in turnover and price, judging by the latest figures from the Real Estate Institute of New Zealand.