Auckland house price growth may moderate in 2016, Fitch says

Thu, 14 Jan 2016

By Sophie Boot Jan. 15 (BusinessDesk) - Auckland house prices are expected to rise at more modest levels in 2016 as lending curbs for investors in New Zealand's biggest city offset likely declines in mortgage rates, according to rating agency Fitch Ratings. The global ratings agency anticipates the continuing supply shortage in Auckland will underpin house price growth "to be maintained at modest levels" in the city, it said in its global housing and mortgage outlook for 2016. At the same time it expects mortgage rates will fall in the ye...

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