HOUSES TO LET

Press, Volume LXX, Issue 21162, 12 May 1934, Page 24

HOUSES TO LET

♦_ — SHORTAGE IN CITY There is a shortage of four and five* roomed houses to let in Christchun* according to statements made yesterday by land and estate agents. \ ' A prominent member of the B»| Estate Institute of New Zealand states that the lists of good houses avauaWj. for letting were the smallest that v had known for a very long time. » had been inundated with enquiry for houses to let at from. 2k tog and even up to 30s, but it impossible to satisfy more than a sm number of those requests.,, He did not think the market sale of houses was in a similar ?""„,-* tion. Lack of finance preventefl f tivity. A big margin was warn*, by investors. Certainly the: convey sion of many large, old-fashion" homes into flats had satisfied "re/L, • mand to some extent, but there a great many enquirers who Wf»K' i houses, and who would not consw« __. flats. . „«»«» v Mr G. D. Simpson, a former P,"** dent of the Canterbury Buildersi sociation, said that if reasonable IK»* ; cial assistance was available the snw , age of houses might be relieveaw ■. people building and buying t neir ,r<j|,' properties. He was not in favour the buildin* subsidy scheme as * . operated last year. Besides cau»£ a lowering of the value of other p*, perties, it - as taken advantage « w speculators. . .J*. He favoured either a form of w» term loans at a nominal rate «j ■ terest, possibly by the reviving its advances to wor*"*., build homes with a limit of P e »£s 1 £BOO. Finance for homes .coSW 4 more than that figure should oe*sfrZ vided by those building theffl. 1 was satisfied that a comfortableJjßb ■ could be built for from £SOO to 1