A flat property market in Christchurch could be because of over-supply
A flat property market in Christchurch could be because of over-supply
29 October 2018
This comes after new data from OneRoof and CoreLogic showed showed Christchurch had one of the highest percentages of loss-making suburbs in the country, and the ones that did increase in value were minimal.
Local realtor Andrew Cowdy, of Cowdy & Company Realty, says post-quake building hype in places like Halswell, Rolleston and Belfast could be behind the stats.
He says outer suburbs are in danger of being over-supplied with properties - driving prices down.
Cowdy says values in the centre-city remain quite good, as they're not able to just make more land.
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