| From Tvnz.co.nz: The property market continued to deteriorate in March, according to the latest indicators from Mike Pero Mortgages. "The nationwide PCI was still positive in March 2010, but it looks set to move into negative territory within the next month or two. This shows a definite continued easing off in the housing market," says Mike Pero Mortgages Chief Executive Shaun Riley.
The Property Cycle Indicator (PCI) says sales volumes in March were down 8% compared to last year which they believe is related to uncertainty about possible tax changes for investment property in the next government budget........................................Full Article: Source
|