Member log in

Property slump

Residential sales resume plunge after slight recovery

Latest residential sales figures make for the end of a roller coaster ride for Real Estate Institute president Murray Cleland's two years at the helm.

He oversaw the height of the market in early 2007 and is now witnessing its post-boom plunge.

He steps down in two weeks and says he'll spend a bit of time on his boat. He will be replaced by Mike Elford of Edinburgh Realty in Dunedin.