NZ property values rise at slowest pace in 2 years in October, QV says

Wed, 05 Nov 2014

By Suze Metherell Nov. 6 (BusinessDesk) - New Zealand property values rose at the slowest pace in two years in October, as Reserve Bank restrictions on home loan-to-value ratios weighed on new home buyers, while prices in Auckland continued to accelerate, according to state-owned valuer Quotable Value. Property values rose 5.9 percent nationwide in October from a year ealier, slowing from an annual pace of 6.4 percent in September, and the weakest increase since October 2012, according to QV. Housing values are now 16.9 percent above the...

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