Friday, March 02, 2007

A second property auction - 1st March

We went to a second property auction last night in Napier. This second auction was run by another estate agency. There were 6 properties up for auction but there was not ONE bid!!!!

So we are totally confused as to what is happening with property here. It looks like there is a lack of buyers and prices ought to drop from what seems to be high levels here!

We have looked at sections this week and are considering building. A new house can be constructed in 3 to 4 months and we would have the house the way we want it.

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