STAGNATION POINT
Real Estate Business
“ It would be of interest to know the reaction in other centres to the change of Government and the future of land sales,” said a land and estate agent to the Daily Times yesterday. "In O.amaru, business is at a standstill, and it would appear in some cases that the Land Sales Committee is more conservative m its valuations than ever before, he saia. No reasonable allowance is even made for vendors' costs," . , it seems evident,’ the agent said. “ that some definite statement on policy should be made at an early date by the new Government, otherwise, judged by local conditions, real estate business will verv soon reach stagnation point in spite of "the fact that there is an unprecedented demand, especially for building allotments, as well as good homes.
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Bibliographic details
Otago Daily Times, Issue 27298, 26 January 1950, Page 3
Word Count
135STAGNATION POINT Otago Daily Times, Issue 27298, 26 January 1950, Page 3
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