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PHOTO: 123rf.
One way to pop the country’s ballooning house prices would be to force investors to pay cash, a researcher says.
Two separate pieces of research into the housing market have found easy credit is behind the rise in house prices – not immigration.
Mike Rehm from the University of Auckland’s Faculty of Business has just presented his findings to the 24th Pacific Rim Real Estate Society Conference.
He said one way to deflate the market could be to force investors to use cash.
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