New Zealand House Prices Fall to Lowest Since Early 2021
AI Summary
New Zealand home prices fell in September to their lowest level since early 2021, extending a downturn that began in early 2022. The prolonged housing slump is clouding the outlook for domestic demand and the country's economic recovery.
New Zealand’s home prices dropped to the lowest in more than five and a half years in September, prolonging a slump that began in early 2022 and clouding the outlook for domestic demand as a driver of economic recovery.
World Markets Real Estate New Zealand house prices housing slump domestic demand economic recovery September