NZ property value increases keep slowing in June as tighter lending sees sales volumes slump

Tue, 04 Jul 2017

By Paul McBeth July 5 (BusinessDesk) - New Zealand property values rose at their slowest annual pace in more than two years last month as a clampdown on lending criteria led to a slump in Auckland sales, which have been a primary driver of the national market in recent years. The QV House Price Index rose 8.1 percent in the year ended June 30, slowing from a 9.7 percent pace in May, state-owned valuer Quotable Value said in a statement. The annual increase was the smallest since March 2015, extending the slowdown into the traditionally q...

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