28 May 2020

Coronavirus: House sale parties urged to play nice

From Morning Report, 8:46 am on 28 May 2020

Property developers and sellers are being urged to find a fair solution if a buyer suddenly finds themselves in financial hardship because of Covid-19.

Legally, the developer or vendor can keep the buyers deposit on a property if they can't complete a purchase agreement, but those working in the industry say other options should be considered first.

RNZ's Eva Corlett reports.