Cup fever could get landlords carried away

July 1, 2007

Property expert Andrew King would like nothing better than for the Auld Mug to arrive back down at the Viaduct.

But he, like other investors and estate agents, warns against the temptation to take a punt, borrow heavily and invest in a clutch of Auckland apartments within walking distance of the Viaduct.

“There’s a lot of talk among property investors at the moment and they’re quite excited about it,” King said. “They think it [winning the America’s Cup] will increase property values.” (more…)


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