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Property sales for July drop
Residential property sales for July are the lowest in a decade, with just 33 properties sold in Timaru last month.
Read more on Timaru Herald

Property buyers wary of govt move
SOME 40 per cent of property buyers planned on expected increase in property prices as the government phases out subsidies, a recent iproperty.com study revealed. Another 38 per cent preferred to wait before making any purchases because they believe subsidies will not be phased out. The remainder expressed indecisiveness and intended to sell their assets, iproperty.com noted.
Read more on Business Times

Property values drop billion
MADISON The value of Wisconsin property dropped billion last year. A state Department of Revenue report released Friday says property value decline about 3 percent in 2009, the largest drop in at least a half century.
Read more on Wausau Daily Herald