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Economy

The reasons house prices won't fall

Jenny Ruth
Sun, 04 Oct 2020

Jenny Ruth
Sun, 04 Oct 2020
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It was hardly surprising that in an economic shock, which the Reserve Bank has described as the largest decline in annual GDP in at least 160 years, economists had been predicting house prices would fall.Not only have they been proved wrong to date, but former BNZ chief economist Tony Alexander has come up with 25 reasons why house prices won't fall much, if at all, and will show sustained growth longer term.This isn't a phenomenon confined to New Zealand; the Economist magazine reports pessimism about house price falls in other much la...

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