Auckland property developers feel funding pinch


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Originally published at: https://blog.bnz.co.nz/2016/11/auckland-property-developers-feel-funding-pinch/
As Christmas approaches, BNZ’s Chief Economist Tony Alexander cautions that we’ll see a slowdown in the supply of Auckland houses due to lack of finance available to property developers. However, expect a brighter outlook come the New Year. Inflation around the world has been lower than expected by practically all of us since 2009 and that has…