Listen: Rural real estate update with Peter Newbold

PGG Wrightson Real Estate's General Manager Peter Newbold. Photo / Supplied

What could Winston Peters' choice of government mean for the rural real estate market?

PGG Wrightson Real Estate's General Manager Peter Newbold spoke to The Country's Jamie Mackay about the potential ramifications Mr Peters' decision could have on land prices and future overseas investment in New Zealand's rural market.

It's not only Winston that is creating an "interesting space" says Newbold, the weather is also delaying things as people hold off until they're more sure of the market.

Also in today's interview: Jamie and Peter look at PGG Wrightson's Property of the Week.

Listen to the full interview in the Soundcloud embed below: