NZ property values rise at the slowest pace in two years in May

Wed, 31 May 2017

By Tina Morrison June 1 (BusinessDesk) - New Zealand property values increased at the slowest pace in two years in May, with the steam starting to come out of Auckland's heated housing market, according to state-owned valuer Quotable Value. The QV house price index showed the nationwide average property value increased 9.7 percent in May compared with the year earlier, the slowest annual pace in two years. When adjusted for inflation, the annual increase was 7.4 percent. New Zealand's bubbling property market is beginning to cool as ti...

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