NZ housing market stagnant with no sign of property prices rising – RNZ 15 June 2024

Summarised by Centrist

The New Zealand housing market remains subdued with no immediate signs of property prices increasing, according to recent reports. High interest rates and economic challenges continue to pressure homeowners and potential buyers, with house values falling in many regions. Despite tax cuts and changes to lending rules, the market is expected to remain under pressure throughout the year, providing buyers with more leverage.

Read more over at RNZ

_{Image: Bernard Spragg}