REAL ESTATE
ERRATIC BUSINESS By Telegraph—Press Association WELLINGTON, October 4. During the last 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 general activity recently in sales of farming properties in country districts. Values seem firm no doubt oceassioned by the introduction of the guaranteed price policy of the Government. City business has fluctuated very much and has been very quiet for the last few months," the report continues. “Probably many who would normally be buying sections to build have been waiting to see what the Government’s policy In this direction will be and also hoping to take advantage of cheap loans from the State Advances Corporation. It is to be hoped that the position will soon be clarified, confidence restored and normal conditions obtaining again, as the most satisfactory period for all is one where steady trading results rather than alternative periods of slump and boom.”
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Bibliographic details
Timaru Herald, Volume CXLII, Issue 20540, 5 October 1936, Page 8
Word Count
175REAL ESTATE Timaru Herald, Volume CXLII, Issue 20540, 5 October 1936, Page 8
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