CoreLogic data suggests property market floor is nigh

Core logic data suggests the property market floor is in sight. (Image: Supplied)

Fri, 01 Nov 2024

The eighth successive drop in property values since February has led CoreLogic’s chief property economist to suggest that the market’s price floor is near.Property values in New Zealand fell -0.5% in October, according to CoreLogic's hedonic Home Value Index (HVI). This brought the total decline in values since February to -5.1%.The property data analyst’s chief property economist, Kelvin Davidson, said economic constraints appear more broadly in the data.“The latest fall in national home values suggests that even th...

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