NZ property values climb higher in September, recovering post-GFC loss

Tue, 09 Oct 2012

By Paul McBeth Oct. 9 (BusinessDesk) - New Zealand property values extended their gains last month, and have recovered the losses seen after the global financial crisis and the bursting of the country's housing bubble, according to government valuer Quotable Value. However, values are still 12 percent below the peak after accounting for inflation. National property values rose 1.8 percent in the three months ended Sept. 30 and are up 5.3 percent on an annual basis, edging above the 2007 peak in late 2007. "The number of sales in the last...

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