NZ house sales fall for 11th month in September

Mon, 13 Oct 2014

By Tina Morrison Oct. 13 (BusinessDesk) - New Zealand house sales fell for the 11th month in September as fewer properties were put up for sale in the lead-up to the general election and mortgage loan restrictions reduced activity at the lower end of the market. The number of houses sold fell 12 percent to 5,911 in September from the year earlier month, while sales of houses below $400,000 declined 18 percent, according to Real Estate Institute of New Zealand figures. The Reserve Bank in October last year introduced restrictions on hig...

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