NZ property values rise at slowest annual pace in 14 months

Wed, 03 Sep 2014

By Suze Metherell Sept. 4 (BusinessDesk) - New Zealand property values rose at the slowest annual pace in 14 months in August as restrictions on low-equity home loans, rising interest rates and uncertainty around this month's general election weighed on the housing market. Property values nationwide rose 6.9 percent in August from a year earlier, slowing from a 7.6 percent annual pace in July, according to state-owned valuer Quotable Value. Housing values are now some 16 percent above the previous market peak in 2007. QV's figures com...

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