NZ house price growth to 'slow sharply', says credit rating agency Fitch

Fri, 17 Feb 2017

By Pattrick Smellie Feb. 17 (BusinessDesk) - The New Zealand housing market is in for a "pronounced and overdue slowdown", with national house price inflation forecast to fall to around 5 percent a year, says one of the world's top three credit rating agencies, Fitch. "Affordability pressures and tighter regulation" of lending ratios, along with some progress on housing shortages, will drive the change. Fitch includes the New Zealand prediction in a wider statement, predicting Australia, China and New Zealand - currently the three "h...

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