NZ house prices accelerate at second fastest rate in world

House prices are still rising. (Image: BusinessDesk)

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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