News

Property market drop might not only be down to holidays

Wednesday 16th of January 2008
REINZ president Murray Cleland played it down, saying that fewer sales were anticipated in December due to the holiday break and in a market that had seen strong growth over the past seven years.

However ANZ chief economist Cameron Bagrie views the latest data less positively. “Abstracting from seasonal variations, volumes fell 8% in the month and look pretty weak across all pric...
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