Valuer warns of panic home buying
Panic buying may cause the property market to overheat, a Christchurch valuer warns.
Friday, January 2nd 2004, 2:03AM
by The Landlord
"We are concerned about the sustainability of current price levels," Mr Shalders said.
"Firstly because in many areas an increase of 10 to 20 per cent has been experienced over a very short time-frame, which is unusual in the Christchurch property market, and secondly because of the motivation and decision-making process of many buyers in the market."
Many home buyers were adopting "a buy at any cost attitude" to property, Mr Shalders said.
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