NZ property value annual growth accelerates in January

Mon, 02 Feb 2015

By Paul McBeth Feb. 3 (BusinessDesk) - New Zealand's residential property values grew at a faster annual pace in January as a shortage of houses for sale in Auckland continued to fan the flames of a hot property market. National property values rose 5.7 percent in the year ended Jan. 31, accelerating from a pace of 4.9 percent in December, according to state-owned valuer Quotable Value. Auckland, the country's biggest city, spurred the national pace higher, with property values rising an annual 12 percent, speeding up from the 10 percent...

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