CITY PROPERTIES.

Auckland Star, Volume LV, Issue 251, 22 October 1924, Page 5

CITY PROPERTIES.

LOW CHRISTCHURCH VALUES. CO3IPARISON , WITH AUCKLAND. (By Telegraph.—Special to "Star.") CHRISTCHURCH, this day. The value of city properties in Christchurch has increased greatly during the past few years, and many owners who have sold such properties recently have made handsome profits. Whe» interviewed on the subject to-_day, Mr. C. E. Jones, the well-known auctioneer, said that in spite of the increase in values Christchurch, as far as city property was concerned, was the lowest valued city in the Dominion, taking into consideration its site and position. By this he meant that a property in Colombo Street, the main artery 5 of Christchurch, was slower valued thart a similar property say in Queen Street, Auckland. During the last seven years lie had handled a, good many city properties, especially by public auction, and he could' say without fear of contradiction that where owners had elected to sell they had sold at a great advance, I and in some instances had made as much as 400 per cent profit on the capital they had invested. He considered that there were sufficient shops now to meet present requirements.