REAL ESTATE.

Auckland Star, Volume LXVII, Issue 236, 5 October 1936, Page 15

REAL ESTATE.

CONDITIONS IN BUSINESS. REVIEW BY CHAIRMAN. (By Telegraph—Press Association.) WELLINGTON, Sa turda y. "During the past 12 months, conditions in the real estate business have been somewhat erratic," states the report of the chairman, Mr. R. P. McCracken, to the annual meeting of the Real Estate Institute of New Zealand. "There has been a general activity recently in sales of farming properties in country districts. Values seem firm, and this is 110 doubt occasioned by the introduction of the guaranteed price policy of the Government. "Business in the cities has fluctuated very much, and has been very quiet in the last few months," the report continues. "Probably many people who normally would be buying sections on which to build have been waiting to see what the Government's policy in this direction will be, and also are hoping to take advantage of cheap loans from the State Advances Corporation. '-ft is to be hoped that the position will soon be clarified, with restored confidence and normal conditions obtaining again, as the most satisfactory period for all is one where steady trading results rather than alternate periods of slump and b00m.."