Property market will survive test: REINZ
The Real Estate Institute believes the current flow of investment money into the property market will be a test, but one which it can survive, institute president Graeme Woodley says.
Monday, February 10th 2003, 6:07PM
by The Landlord
"We have known for some time that property is a very steady performer when both risk and return are taken into account. The rental returns may not always as high as equities, in a good year, but equally you don’t get the big swings in value. What’s happening now is that money is flowing back into commercial and residential investment property, and at a considerable rate."
"That will be a big test for the market because too much money coming into the market too quickly could have the effect of inflating values unsustainably."
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