Sellers take price hit bailing out of property market

Property owners bailing out of the slowing market are incurring bigger losses as a lack of investor confidence bites, new figures show.

The number of New Zealand property transactions that leave the vendor out of pocket has been steadily trending down from a peak of 17 per cent in 2002.

It is now at about 4 per cent, nationwide, new data from Corelogic shows.

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Investor Peter Lewis says there are opportunities even in a slower market.

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