Historical media coverage, first shared in 2018. Figures and development plans below reflect the original reporting, not a current offer.
Source: Stuff — read the original article. The following is an excerpt from that coverage.
A report into people selling houses and apartments for less than they bought them has left a false impression of Christchurch, a property developer from the city says.
CoreLogic’s Pain and Gain report found more than 11 per cent of Christchurch homes sold in the third quarter of last year changed hands at a loss. That was higher than any other major city in the country.
But Matthew Horncastle from Williams Corporation, the biggest apartment builder in Christchurch, believes “as is” sales of unrepaired, earthquake-damaged buildings are the cause.
“‘As is’ has become a massive industry in Christchurch. We’ve had 30,000 homes damaged,” Horncastle said.