Mortgagee sales still close to record highs

The pressure is still on the housing market, with mortgagee sales close to record highs.

Latest figures from Terralink show there were 246 registered mortgagee sales in April, compared with 250 for the same month a year ago.

The number is up 22 per cent on March.

Managing Director Mike Donald said this year's trend was similar to last year's and he expected property owners to continue to be under pressure for some time.

Auckland City and Northland fared worst in the latest figures.

- NZPA