Forced mortgage sales at monthly high

Record numbers of New Zealanders are being forced into mortgagee sales according to the latest sales figures.

The Terralink property information agency said there were 321 forced property sales in July, the highest monthly figure since records began.

According to Terralink mortgagee sales now accounted for 5 per cent of all transactions.

To read the full NZ Herald story click here

Posted: 27 Sep 2009

News articles