NZ property sales fall 4.3 percent in January, median price slips from record high

Thu, 13 Feb 2014

Feb. 14 (BusinessDesk) – New Zealand property sales fell 4.3 percent in January from a year earlier while the median price slipped from the record high set in December, which may reflect high loan-to-value lending restrictions and seasonal factors, the Real Estate Institute says,. There were 4,719 dwellings sold nationally in January, down from the same month last year and a 17 percent drop compared with December, the institute said in a statement. The national median price fell by 5.8 percent to $402,000, having reached a record $427,000 in...

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