Loss-making property resales at seven-year high - Corelogic - www.indianweekender.co.nz
Theweakerhousingmarkethasmeanttheproportionofpropertiesresoldatalosshashitasevenyearhigh.
Source: indianweekender.co.nz
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Theweakerhousingmarkethasmeanttheproportionofpropertiesresoldatalosshashitasevenyearhigh.
Weakened housing market reflected in rise of properties selling for a loss.
Auckland had the highest proportion of properties resold at a loss, and more apartments were loss-making than other property types.
A rise in homes selling at a loss, as interest rates take a toll
Surging interest rates to heighten the risk of these sales in 2023