Mexican stand-off easing?
Friday, 25th July
Over the past couple of months we have written about how there is a bit of a Mexican stand-off between vendors and purchasers in the housing market.
The commonly expressed view on this is that would-be buyers are expecting the market to fall even more than it has (because that is what they have read) and vendors are unwilling to quit at such prices.
Many of these people have instead opted to rent their properties.
We have been researching the market for the lead article in next month’s issue of the NZ Property Investor magazine to get an up-to-date feel on where things are at.
Finish reading my blog
here and leave your comments.
Warm regards
The Landlord
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