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Hot Topic EARNINGS
Hot Topic EARNINGS
1 mins to read

Commercial mortgagee sales on the wane

Chris Hutching for NBR NZ Property Investor
Tue, 20 Mar 2012

The number of commercial property mortgagee sales has fallen to 13% after reaching 20% in the first half of 2011.

CBRE analyst Zoltan Moricz expects the easing trend to continue as distressed properties are drip fed on to the market.

Private buyers account for about 70% of transactions,

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Chris Hutching for NBR NZ Property Investor
Tue, 20 Mar 2012
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Commercial mortgagee sales on the wane
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