NZ property values climb 5.7 percent in 2012, Auckland values set to keep gaining

NZ property values climb 5.7 percent in 2012, Auckland values set to keep gaining
Jan. 10 (BusinessDesk) - New Zealand property values rose 5.7 percent last year, driven by gains in Auckland and a recovery in Christchurch, and the housing market in the country's biggest city is set to keep climbing, according to Quotable Value. Property values were 1.5 percent in the three months ended Dec. 31 from the same period a year earlier, rounding out the annual gain to 5.7 percent, state-owned QV said today. That's 2 percent above the previous market peak in late 2007. The increase in national values was predominantly driven by...