Commercial property investors remain a largely optimistic lot, especially in Auckland and Queenstown.
Investors are more confident about the Queenstown market than anywhere else in the country, with a net 68% of Queenstown respondents in the latest Colliers Commercial Property Investor Confidence Survey viewing the market positively, up from a net 61% in the fourth quarter of last year and 56% a year ago.
Auckland wasn't far behind, with a net 61% feeling confident about the market, down slightly from 63% at the end of last year but ahead of the net 58% that were optimistic a year ago.
Investment sentiment is also positive in Christchurch but significantly less so than it was two years ago.
A net 38% of Christchurch investors were optimistic about the market, compared with 48% in December last year and 60% in December 2013.
Confidence has been improving in the Wellington market where a net 19% of investors were optimistic, the same as in December last year and more than double the 8% that were optimistic in December 2013.
In Dunedin, investors were neutral overall, after being marginally negative about the market for most of last year.
Investor sentiment was also negative in Palmerston North with a net 5% being pessimistic in the latest survey, although that was an improvement on the net 15% that were pessimistic at the end of last year.
Northland investors remain the most negative of all, with a net 24% being pessimistic in the latest survey, compared to a net 2% who were pessimistic in the December 2013 survey.
To read Colliers full report on the survey, click on this link.