Canterbury house prices rose 38.1% annually in Nov

Staff reporters
Mon, 13 Dec 2021

The pace of annual house price inflation abated a little further in November, although the month-on-month figures remain positive and annual prices in Canterbury jumped 38.1%.Reflecting the huge volumes of new houses built in Canterbury following the earthquake, price increases there had been more moderate a lack of supply elsewhere had helped fuel the boom.The Real Estate Institute's national house price index rose 27.2% in the year ended November, down from the 29.9% annual increase in October, although sales in November were down 18% com...

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