A surge in townhouse developments in Christchurch and Auckland has led to a significant number of half-finished builds, with many units unsold and property values declining due to market oversupply and a shift in buyer preference toward larger, more traditional homes.
Stacked weekly counts; colour by editorial lean. Stuff and The Spinoff lean centre-left, NZ Herald centre-right, others centre.
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rising percentage of homes sold below purchase price
Almost 20% of townhouses selling for a lossrising number of townhouses sold below purchase price
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