THE CORNER TURNED

Nelson Evening Mail, Volume LXI, 28 July 1927, Page 5

THE CORNER TURNED

BRIGHTER OUTLOOK IN CHRISTCHURCH

OPINIONS OF BUSINESS AIEN

(By Telegraph—Special to "The Mail”)

CHRISTCHURCH, 27th July. There seems to be a general opinion prevalent in property circles in the city that the general trade depression that has been felt by every section of the community is at last showing some signs of lifting, and that the near future will * bring forth a more optimistic tone all round. Recent movements in the property market support this contention, while the aspect of trade generally seems to be undergoing, a change for the better. It is to be hoped that this muchdesired state of affairs will be brought

about, but, at the same time, it has to be borne in mind that- things will find

their own level and that no undue stimulation can be looked for (comments tonight’s “Star.”) “There seems to be a slight upward movement and it leads one to think that the worst is over,” said'-one man prominently connected with the building trade. “After all, it is only a question of confidence and we should do all we can to inspire that confidence in those whose interest it is to make alterations

or erect new premises in the future. The present is the time to make a start with such tvork, as there will never be a belter chance of taking advantage of such keen competitive prices as there is now. I feel that we are just on a change for the better and that the tide has turned. I don’t think that any abnormal position can be anticipated, but indications point to the fact that tilings will be more stable and more normal.”

In tlie opinion of one land agent the recent big city properly deals that have been effected show signs of awakening optimism, and that business people are confident things are going to brighten up a bit. “A man won’t buy city property if he thinks il. is on a falling market.”

“Also reports from financiers are different from what they were six months ago. They were telling us then to lie careful: now they assert we have turned the corner. This month with us personally has been an exceptionally good one and inquiries have been quite brisk for some time past. People have been waiting for to lift, hut 1 think the majority of them realise that tlie value of property is going up instead of going down.”