NZ house sales slump in December but prices still firm

Wed, 17 Jan 2018

By Rebecca Howard Jan. 18 (BusinessDesk) - The number of property sales across New Zealand slumped 10 percent in December from a year earlier but prices continued to lift, according to the Real Estate Institute. A total of 5,903 properties were sold across the country in December, down from 6,567 in December last year. Auckland volumes fell 6.4 percent on the year to 1,693. Nelson was the only one of 16 regions to see an increase year-on-year with 76 sales compared with 71 sales a year earlier. “December represented a continuation of...

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