NZ property values rise at slower pace in January, suggesting increased buyer caution, QV says

Sun, 09 Feb 2014

Feb. 10 (BusinessDesk) – New Zealand property values increased at a slower pace in January, suggesting restrictions on high debt lending and looming interest rate rises may have prompted buyer caution. Values increased at a 9.6 percent annual pace in January, lagging December’s 10 percent rate, according to state valuer Quotable Value. Nationwide values increased 0.3 percent in January from December, when they increased 1.3 percent, the agency said. The Reserve Bank introduced loan-to-value mortgage lending restrictions on Oct. 1 on concern r...

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