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Sales activity in the nation’s capital city markets fell by almost one quarter in the first three months of the year, RP Data said today.
According to RP Data, capital city sales fell by 24 per cent in the first quarter and 30 per cent from the peak reached in the second quarter 2007.
The slowdown confirmed the significant blow interest rates, the share market collapse plus other volatile economic activity have had on business and consumer confidence.
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For buyers not deterred by such factors, RP Data’s Tim Lawless said the market offered “great buying opportunities”.
Published: 17-07-08
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