NZ mid-table in global house-price changes

New Zealand has placed near the middle of an international list ranking house-price changes.

The Economist magazine said the country's house prices had increased overall by 97 per cent in the 12 years from 1997.

But it used figures from QV to show our prices falling 9.2 per cent over the last year, putting us in ninth place on the chart.

Last Monday, QV updated its figures and recorded an 8.1 per cent annual drop for New Zealand.

The international list showed house prices falling in most countries, but Singapore and the United States were the hardest hit.

This week, New Zealand's Real Estate Institute released data from last month showing the slump continuing here in terms of volumes and prices.

To read the full NZ Herald article click here

Posted: 15 Jun 2009

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