NZ property values rise at fastest pace in 5 months in February, led by Auckland

NZ property values rise at fastest pace in 5 months in February, led by Auckland
By Tina Morrison March 3 (BusinessDesk) - New Zealand residential property values rose at the fastest pace in five months in February, driven by strong demand in Auckland. National property values rose 6.4 percent over the past year, ahead of the 5.7 percent pace in January and matching September's gain, according to state-owned valuer Quotable Value. Auckland, the country's biggest city, led the index higher, with property values rising an annual 13 percent, ahead of the 12 percent pace the previous month and the biggest annual gain in n...