NZ – winning at unaffordable houses

NZ – winning at unaffordable houses
The huge increase in house prices has busted a few myths.
Shamubeel Eaqub
New Zealand is winning when it comes to the hottest housing market. We may have held covid-19 at bay, but we are the index case for booming house prices and the infection will spread around the world. A flood of cheap money beats everything, at least for now. As economies open up around the world, New Zealand’s experience will be replicated in cities around the world. It could bring about more muscular policy responses on banks, urban development and infrastructure. Asset prices are rising everywhere. Stock markets are on a...

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