NZ property values surge at fastest pace in at least 10 months in April: QV

Fri, 01 May 2015

By Suze Metherell May 1 (BusinessDesk) - New Zealand residential property values accelerated at their monthly fastest pace in at least 10 months in April as demand for housing in Auckland drags the country's real estate prices higher. National property values rose 8.3 percent in the 12 months ended April 30, accelerating from a 7.7 percent pace in March, according to state-owned valuer Quotable Value. Auckland, the country's most populous city, led the index higher, with property values rising an annual 14.6 percent in April, speeding up...

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