NZ property value gains slow in January, growth anticipated in 2018

Thu, 08 Feb 2018

By Sophie Boot Feb. 9 (BusinessDesk) - New Zealand property values rose at a slower annual pace in January but are expected to pick up in the coming months, says state-owned valuer Quotable Value. Property values rose 6.4 percent on the QV house price index from January 2017 and slowing from a pace of 6.6 percent in December. Values gained 3.8 percent in the three months ended Jan. 31 to a nationwide average value of $671,531, QV said in a statement. New Zealand's housing market has been slowing down over the past year as Reserve Bank...

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