Auckland house sales fall in January, annual price rise below 10%

Thu, 11 Feb 2016

By Paul McBeth Feb. 11 (BusinessDesk) - The steam continued to come out of the Auckland property market in January, being the only region to report a drop in house sales and a further slowing in annual price inflation as regulatory curbs dim demand in the country's biggest city and the government continues to free up more land in special housing areas. The number of houses sold in Auckland fell 14 percent to 1,764 in January from the same month a year earlier, according to Real Estate Institute of New Zealand figures. Across the country,...

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