14 Feb 2025

Property developers offering incentives to potential buyers

From Checkpoint, 4:15 pm on 14 February 2025

Holidays to Rarotonga, free TVs and even cold-hard cash have all been used as extra incentives by banks to try and win people over when it comes to mortgages. Now, it looks like some property developers could be taking a leaf out of the banks books and doing the same. Property developers in some areas are having so much trouble shifting stock, that some have started to offer incentives like cars, whitewares vouchers, cash and even mortgage payments to potential buyers. Money correspondent Susan Edmunds spoke to Lisa Owen.