Many report that while buyers in their market might be more cautious, some buyers are remaining active, especially in markets with very limited stock.

Local agents remain optimistic about their market fundamentals and that their buyers, especially those in the prime market-segment, will soon resume their activity after a short pause. In many prime markets, buyers – especially international buyers – are less reliant on mortgages to finance their property purchases so these buyers will likely continue to look for investment properties and second homes as a perceived store of wealth and hedge against inflation. Pricing in many markets are also expected to remain stable or post modest growth over the coming year, underpinned by limited supply of properties for sale in many locations.