News
Housing demand softening in provinces
Monday 21st of May 2007
The bank monitors the ratio of consents (supply) to economic growth within a region and the ratio of house sales to consents. If consents are growing faster than demand growth within the region, this indicates excess supply, as does a fall below trend in the ratio of sales to consents.The majority of regions are now showing early signs of a market that is set to move in the favour of b...
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