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