Lending restrictions may be adding pressure to the housing market as average prices in Manawatū/Whanganui reach a record high, industry insiders say.
And some investors are holding on to properties, instead of selling them, because they don’t want to be squeezed by their banks.
WARWICK SMITH/STUFF
Palmerston North property accountant Shane Storey says investors are sitting on their properties because banks are looking to claim sales proceeds to bring their loans into line with lending restrictions introduced last year.
READ MOE VIA STUFF