NZ property values extend gains in May: QV

Tue, 12 Jun 2012

By Hannah Lynch June 12 (BusinessDesk) - The pace of annual gains in the value of houses accelerated in May, after relatively steady values over the past few months, according to government valuer Quotable Value. National property values are up 1 percent in the three months ended May 31 and have risen 3.9 percent over the past year, to be 2 percent below the market peak in 2007. "Sales activity has remained relatively strong for the past couple of months, with no evidence yet of the usual decline in sales seen over winter," Jonno Ingerson,...

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