REINZ calls for LVR review to help first home buyers

The Real Estate Institute of New Zealand (REINZ) has called for a review of the current loan-to-value ratio limitations, as its latest data has revealed a significant drop in the number of properties sold nationwide last month.

The data found the number of sales across New Zealand in July fell by a quarter (24.5%) when compared to the same time last year, and the number of properties sold in Auckland fell by 30.6% (for the same period).

The Real Estate Institute of New Zealand (REINZ) has called for a review of the current loan-to-value ratio limitations, as its latest data has revealed a significant drop in the number of properties sold nationwide last month.

The data found the number of sales across New Zealand in July fell by a quarter (24.5%) when compared to the same time last year, and the number of properties sold in Auckland fell by 30.6% (for the same period).

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