Confidence Returning To The Market

Kiwis back in market for homes, say agents
By Nicholas Jones
Feb 25, 2012

A surge in the number of people applying for mortgages last month is further evidence New Zealanders are back buying property, say real estate experts.

Credit bureau Veda has released figures which show a 25 per cent jump in the number of mortgage applications last month compared to January 2011.

Banks and other lenders obtain a credit report and data from Veda as part of the mortgage application process.

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