New Zealand house prices rise in December
[WELLINGTON] New Zealand house prices rose in December, the government property valuer said on Wednesday, as house sales in regions surrounding Auckland surged.
Quotable Value's (QV) residential property price index rose 14.2 per cent in the year to December, compared with an annual rate of 15 per cent in the previous month.
The index is now 34.7 per cent above the market's previous peak in late 2007.
House prices in the Auckland region were 22.5 per cent higher in the year to December, compared with a 24.4 per cent annual increase the month before.
Rising house prices in Auckland spilled over into nearby regions, with Hamilton City house prices up 19.5 per cent and Tauranga homes rising 18.2 per cent.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Lucrum Capital looks to sell Killiney hotel site for S$195 million