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Real Estate Briefing - Categorized | Investment, Market Moves more

NZ: Real estate as investment loses allure

Posted on 30 August 2010

From Stuff.co.nz: The Kiwi love affair with property investment is over. New research shows a drastic decline in the number of people intending to buy real estate as a money-making strategy.

Property experts say tax changes announced in the Budget, rumours of a capital gains tax and a lack of confidence due to the recession are contributing to investor reticence…………………………………….Full Article: Source


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