The Press | Wednesday, 18 June 2008
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The Central Otago and Southern Lakes area, until now unaffected by a slowing real estate market, is now joining the downturn.
For the second month in a row, Real Estate Institute of New Zealand figures show residential properties in the region are taking much longer than those in other areas to sell: a median of 80 days in May and 86 days in April, compared with a national median of 49 and 44 days, respectively.
For the second month in a row, Real Estate Institute of New Zealand figures show residential properties in the region are taking much longer than those in other areas to sell: a median of 80 days in May and 86 days in April, compared with a national median of 49 and 44 days, respectively.
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