Latest consent figures are out and residential construction in Canterbury is dropping; sales of townhouses - more price-driven - have plummeted...
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Mike Greer is reported as saying:
"We won't be undertaking any large multi-unit developments in Christchurch for the forseeable future. They're the first to be impacted with the slowdown because the market for them is price-driven.
"With a kind of over-supply of housing starting to happen, stand alone houses are coming back a bit in price, and that's making attached units less popular."
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