Pace of NZ property value gains almost halves in 2017 as housing market cools

Wed, 10 Jan 2018

By Paul McBeth Jan. 11 (BusinessDesk) - New Zealand property values rose at almost half the pace of the prior year in 2017 as tighter lending criteria, restrictions on highly leveraged loans, and electoral uncertainty took the wind out of the local housing market, Quotable Value says. National residential property values rose 6.6 percent to $669,565 in calendar 2017, almost half the 12.5 percent gain of the prior year and well off the 14 percent increase in 2015. Still, state-owned valuer QV figures show property values were 62 percent h...

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