Property values continue slow decline

Property values across New Zealand have continued to gradually decline according to the QV residential property indices for July.

Values have now dropped 0.8% since March, after rising 4.9% in the prior eight months. As a result, values are now 4.1% above the same time last year, and 4.7% below the market peak of late 2007.

Posted: 9 Aug 2010

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