Two-speed property market in NZ as provinces lag behind, report shows

[Nicholas Wallwork]

A two speed property market is emerging in New Zealand with the latest real estate report showing that metropolitan areas are performing better than the provinces.

The August 2010 NZ Property Report published by realestate.co.nz also shows that it is still a buyers market and that although August tends to show the first signs of the spring pick-up in activity in the property market, it is not happening this year.

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