All the money’s going into commercial now… apparently Christchurch is at the point where negative sentiment about delays will be overtaken by actual work happening.
Christchurch’s commercial rebuild is set to peak in the next year as delayed public projects finally take off.
It should overtake residential as the main driver of the city’s recovery.
Overall, construction is plateauing, but an estimated $6 billion is still to be spent in the commercial sector, much of it on public projects such as the long-delayed Convention Centre and Metro Sports Facility.
Check out the full story. Time to invest in commercial, anyone?
CPIA Marketing
The Marketing Manager at CPIA helps readers learn the ropes of property investing and provides insights into investing in Canterbury and New Zealand.