House prices down 13.7% in year ended November

Tue, 13 Dec 2022

House prices were down 13.7% nationally in the year ended November while sales volumes in the month were down 36.1% from the same month last year, with the Real Estate Institute blaming rising interest rates, lack of access to finance and concerns about the economy creating uncertainty.The institute’s house price index showed prices across the country fell in all but two of 12 regions between October and November with the exceptions being Tasman/Nelson/Marlborough/West Coast, up 0.3%, and Otago, up 0.5%, while the biggest falls in the mon...

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