The property boom may be great for sellers, but it is testing the patience – and the financial resources – of buyers.
Tuesday, September 9th 2003, 3:57AM
by The Landlord
Desperate Christchurch house hunters are being forced to buy sections and endure long waits to build their own houses due to an overheated property market.
In the 12 months to July, 2350 new homes have been built in Christchurch – and many more are in the planning stages.
Christchurch City Council staff were labouring to process applications and consents for new subdivisions, and were expecting to get busier. In March this year, they requested funding to employ six extra full-time staff to keep up with demand...
