Development finance a concern – Ardern

Development finance a concern – Ardern
Paul McBeth
Prime Minister Jacinda Ardern says residential property developers are struggling to attract financing from traditional lenders, which puts at risk the record level of consents being converted into actual construction.Speaking at her weekly post-Cabinet press conference, Ardern said the government is using the levers it has available to try and rein in escalating house prices on the supply side.The first role it’s playing is through a programme of building public housing that’s seen stock managed by Kāinga Ora rise to 66,253 at the...

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