It’s been a rocky 18 months for the New Zealand property market and it looks like the slide in prices, which started back in November 2021, still has some way to run.
It wasn’t so long ago that the market was roaring ahead on the back of years of double-digit growth. Back in the summer of 2021, for example, Auckland had a median price of NZ$1.15 million , according to the Real Estate Institute of New Zealand , with a national median price of NZ$820,000 . This compared with a median price of €392,500 for Dublin and €265,000, nationally, at the time.
Last month, Reinz chief executive Jen Baird said: “It’s clear that current high interest rates combined with a tight economy are still influencing the market as buyers continue to act with caution while economic headwinds play out.” New Zealand: The national median house price in Aukland is at NZ$995,000 , according to latest figures for May.
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
New garda industrial relations problem: Civilian staff fear new laws change their employment statusA new industrial relations problem has broken out in An Garda Síochána as civilian staff are rebelling against a move that could see them tied to the organisation and not permitted to transfer out of it.
Leer más »
Claims up but profits stable at Irish Life Health last yearInsurer has announced two recent price increases citing rising hospital procedure costs
Leer más »
Victoria Amelina obituary: rising Ukrainian novelist who became a war crimes investigatorWriter killed aged 37 after Russian missile hit restaurant in Kramatorsk in eastern Ukraine
Leer más »
Death toll from record-breaking rain in China hits 78 as new storm approachesThe death toll from record-breaking rains across northern China has risen to at least 78, as authorities warn of more flooding and another storm approaches the country
Leer más »
New Covid variant is more transmissible but not more dangerous, says HSE clinical chiefThe variant makes up a 'significant proportion' of the 644 Covid cases in hospital in the past week, Dr Colm Henry said.
Leer más »
Phil Mickelson bet $1 billion over 30 years, says new bookBilly Walters, an old gambling associate of the golfer’s, says Mickelson was talked out of placing a $400,000 bet on his own team at the Ryder Cup
Leer más »