NZ house value growth cools in May heading into winter, QV says

Wed, 06 Jun 2018

By Tina Morrison June 7 (BusinessDesk) - New Zealand house value growth slowed in May as expectations of capital gains weaken and activity dropped heading into winter, according to state-owned valuer Quotable Value. National residential property values edged up 0.8 percent in the three months through May to $677,996, taking the annual increase to 6.9 percent, QV said. That's slower than the 1.1 percent gain in values for the April quarter, and the 7.6 percent increase year-on-year in April. “As anticipated, nationwide sales volumes ar...

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