News
Some Canterbury investors get cold feet
Monday 14th of June 2010
A portfolio of 20 suburban homes, inner city apartments and townhouses which includes individual two, three and four-bedroom properties has been put on the market by Bayleys.
Bayleys Canterbury residential manager Phil Hayes says the reasons for selling a varied. Some vendors have put property on the market due to the tax changes in the Budget, others are highly leveraged and have decided to sell as interest rates start to rise.
He says not all the properties are "distressed sales."
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