Cotality report finds more properties selling at a loss

Detailed summary

The number of properties resold at a loss is on the rise. Cotality NZ's Pain and Gain report reveals that 15.8 percent of properties resold for less than their previous purchase…

The number of properties resold at a loss is on the rise. Cotality NZ's Pain and Gain report reveals that 15.8 percent of properties resold for less than their previous purchase price in the September quarter. That's the highest level in 14 years. And it's worse for apartments, with almost half of them selling for less. Cotality NZ Chief Property Economist Kelvin Davidson spoke to John Campbell.

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