WELLINGTON, NEW ZEALAND-The property market in New Zealand has declined 5.5% since reaching record highs in 2007, according to a Wellington appraisal company known as Quotable Value.
According to the report, prices in New Zealand increased 1.1% and increased 3% in Auckland when compared to that of the same period last year. Many of the international buyers of New Zealand property were from Britain. Parties from Canada, United States, Korea and China were also major buyers of real estate in New Zealand. For the full story, go to New York Times.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
