Families face losing homes

Wednesday 15 September 2004

Several families are demanding answers from a Christchurch builder after discovering they may never own the houses that he was building for them.

By The Landlord

The nine affected parties paid $10,000 deposits for the construction of houses in a Riccarton estate developed by Permanent Homes Ltd.

The balance of the value of the houses was to be paid after their completion. Despite some homes having finishing dates as long ago as July 2003, the houses remain in various stages of construction. Some look almost liveable, while others are no more than timber framing.

The anxious customers were continually assured by Permanent Homes that their houses were not far from completion.

Read More - Opens in a new window
Commenting is closed

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.


Demand challenges for commercial sector

Vacancy rates in the commercial property sector are set to increase as changing economic conditions dampen demand.


Mortgage rates may be at cycle low: ASB

Take note, investors: It is "quite possible" fixed rate mortgages have hit their lowest point in this cycle, according to economists at ASB.

Site by PHP Developer