More than 800 house sales in Canterbury derailed by lockdown - News Summed Up

More than 800 house sales in Canterbury derailed by lockdown


The Real Estate Industry and the Law Society are scrambling to find solutions for more than 800 house sales across Canterbury that have been derailed by the Covid-19 lockdown. Some 6694 properties across NZ were bought or sold over four weeks in February. Similar solutions would apply to the rental market, where people had agreed to lease a property but could not move in. The Real Estate Institute has provided figures that gave a rough indication of the size of the problem. This included 1485 properties in Auckland, 801 in Canterbury and 699 in Wellington.


Source: Otago Daily Times March 24, 2020 03:11 UTC



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