Canterbury market returning to normal: QV
Research director Jonno Ingerson says although the earthquake lead to a "significant downturn in the number of house sales in Canterbury...there are positive signs of normal market activity now beginning to return, especially in less affected areas of Christchurch".
That is despite banks, insurance companies and potential buyers all still carrying out careful due diligence and seeking reassurances of the structural integrity of properties, which is inevitably slowing down the sales process.
However, how values have been affected by the earthquake is still as yet unknown.
"There were insufficient sales in Canterbury in September to create statistically valid indices, so we are unable to gauge how house values have been affected since the quake," Ingerson says.
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