House sales set another new record

Sunday 23 May 2004

Timaru house sales have done it again, setting yet another record high for the value of homes sold in a single month.

By The Landlord

Figures released by the real estate institute this week, show 108 homes sold for $17.4 million during April.

While there was one fewer sale than the previous month, those sold were worth $1.8 million more than those sold in March.

The high price has been influenced by a number of the more expensive homes being sold as well as new apartments adjacent to the main road near the Bay Hill.

Read More - Opens in a new window
Commenting is closed

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.

Commercial

Resilience needed in face of change

The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.

Mortgages

Mortgage lending slumps to record low in April

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

Site by PHP Developer