NZ property prices up again with more sales and listings, figures show

[Nicholas Wallwork]

Residential property prices in New Zealand recovered last month to be*close to levels of a year ago, supporting views the economy has emerged*from its longest recession in more than 30 years.

Government agency Quotable Value said that the average property price*rose 0.7% in September compared to the previous month. Overall its*residential house price index fell 1.1% in the 12 months to the end of*September, compared with a 2.8% decline the previous month*QV said the trend in values has now improved for six months in a row*there are signs of more activity in the market with an increase in the*number of sales and more listings in many areas.

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[zorro]

My extended family's been looking for a house in NZ for a while, they won't like this news