Housing market continued cooling in November

Thu, 13 Dec 2018

By Jenny Ruth Dec. 14 (BusinessDesk) - House price inflation abated further in November, although sales volumes increased slightly, and the Auckland market cooled a little more. The latest Real Estate Institute of New Zealand’s house price index rose 3.5 percent from a year earlier, down from the 3.8 percent increase recorded in October. The number of houses sold in the latest month rose 2.6 percent to 7,286 compared with November last year. In Auckland, November prices were down 0.6 percent from a year earlier, having eased 0.4 per...

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