Property

NZ house prices accelerate at second fastest rate in world

Brent Melville
Wed, 15 Sep 2021

NZ house prices accelerate at second fastest rate in world

House prices are still rising. (Image: BusinessDesk)

Brent Melville
Wed, 15 Sep 2021

New Zealand’s house price inflation continues to outstrip most of the developed world’s post-pandemic increases.For the 12 months to June, NZ house prices jumped by an average annual 25.9% year-on-year. This is second only to Turkey which had a 29.2% increase for the same period, according to the latest Knight Frank global house price index.That’s in line with a covid induced housing price boom that has seen record global average price rises of 9.2% across 55 countries and territories.The boom, prompted by quantitative easing...

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NZ house prices accelerate at second fastest rate in world

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