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Latest REINZ data confirms plummeting sales
Wednesday 10th of October 2007
Despite the expectation of a ‘kick’ from the traditionally more buoyant Spring selling period, sales were down from 6394 in August to 5894 in September.
REINZ president Murray Cleland says the slide in sales had probably helped support prices. He says escalating building costs and the fall in building consent numbers also helped underwrite the residential property market.
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