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NZ: Property investment takes huge hit

Posted on 18 August 2010

From 3news.co.nz: The number of Kiwis investing in residential property has declined significantly for the first time in years, a Nielsen survey has found. In 2009, one in four of those surveyed said they intended to buy residential property as a future investment; 12 months later it is in stark contrast – just one in seven have the same intentions.
Specialist property lawyer Greg Towers says the real estate market report confirms what those in the industry have been observing……………………………………….Full Article: Source


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