X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.