NZ real estate market in a rut with analysts predicting sluggish short term outlook

[Nicholas Wallwork]

The residential real estate market in New Zealand is stuck in neutral with the number of properties sold falling to a 10 year low, a new report shows.

The latest house price index from the Real Estate Institute of New Zealand shows prices fell 1.2% in July from June. It means prices are now just 1.8% higher than they were a year ago.

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[NZPropertyFinder]

The residential real estate market in New Zealand is stuck in neutral with the number of properties sold falling to a 10 year low, a new report shows.

The latest house price index from the Real Estate Institute of New Zealand shows prices fell 1.2% in July from June. It means prices are now just 1.8% higher than they were a year ago.

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