SCARCITY OF HOUSES.
, -v, • * :•■■ '::■. >•- , FRENZIED BUYING CEASES. I , (Special to the Herald.) I , CHRISTCHURCH, this day. ■ Although the scarcity of houses is stil pronounced, inquiries made go to show that there is much less property cbang ing hands. Naturally the fact that nc furlner applications for grants under the Discharged Soldiers' Settlement: Act are being entertained by the Government ha! had its effect on the property market, bu even apart from this land agents say thai the demand for the purchase of botl house and farm property has cased con siderably. "TheTe is not now the fren2jec buying that there has been, and value! are becoming 'more , stable,':' said one man He added that he had found that a cer tain percentage of those -who had acquir ed homes recently at high prices 'wen evidently finding it a struggle to keej up their payments of principal and m terest. In a number of such instances th< properties are back on the market foi re-sale. . -, . ;
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19200529.2.80
Bibliographic details
Poverty Bay Herald, Volume XLVII, Issue 15229, 29 May 1920, Page 9
Word Count
164SCARCITY OF HOUSES. Poverty Bay Herald, Volume XLVII, Issue 15229, 29 May 1920, Page 9
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in