Sales of residential properties in Napier are reported by land agents to be fairly frequent at the present time, though (says the Daily Telegraph) prices have dropped as a result of the earthquake. The decrease in values is demonstrated by the fact that one property was sold for £lOOO less than its pre-earthquake value, but this is considered an isolated case. Many people have been desirous of selling their homes as a result of circumstances caused by the earthquake, and it is anticipated that the next few months will witness quite a boom in house dealing. The demand for houses to lease continues unabated, and some difficulty is being experienced in meeting the demand.
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Otago Witness, Issue 4028, 26 May 1931, Page 27
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114Untitled Otago Witness, Issue 4028, 26 May 1931, Page 27
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