Terralink Mortgagee sales report – January 2009
Filed under: Blog, Terralink Mortgagee Sales Report Responses: 1 Comment
The latest sales report released today by Terralink International continues to show the effect of the economic recession as it impacts NZ home owners. In January 150 property transactions were registered as mortgagee sales up 121% on the January 2008 figure.
In the 12 months to January 2009 a total of 1,385 mortgagee sales were recorded, this compared to 515 for the same period to January 2008 and 468 to January 2007.
The chart below shows the significant rise of mortgagee sales over the past 6 months with the start of the rise first being witnessed in late summer 2008.
[...] reported mortgagee sales for January as presented by Terralink International show a continual rise with a 121% increase for [...]