Arvida upbeat about 'green shoots' in housing market

Jeremy Nicoll, Arvida's CEO. (Image: NZME)

Tue, 10 Oct 2023

Arvida Group says sales volumes are up 6% year-on-year in the first half, and "green shoots" in the housing market may herald a further uplift in the retirement village company’s second half.Chief executive Jeremy Nicoll said a total of 285 sales of occupation rights – new and resale – settled in the six months ended Sept 30.“This was 6% up on last year’s volume for the corresponding six months, reflecting a good second quarter of resales,” he told the market.From 183 resales of occupation rights in...

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