NZ house sales slow in November as LVR restrictions seemingly bite, REINZ says

Wed, 11 Dec 2013

By Paul McBeth Dec. 12 (BusinessDesk) - New Zealand’s house sale numbers unexpected fell in November from a year earlier as the Reserve Bank’s restrictions on low equity lending appear to have snuffled out some buyers seeking cheaper properties. The number of houses sold in November fell 6.6 percent to 6,691 from the same month a year earlier, and were up 2.7 percent from October, lagging the usual pace of increase, according to Real Estate Institute of New Zealand figures. That’s the second month since the Reserve Bank imposed limits on ho...

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