Times of IndiaLean R·
New Zealand home values hit three-year low as buyers remain cautious
The housing market in New Zealand has experienced its most significant decline in over three years, driven by factors such as elevated interest rates and a shaky economy. Since early 2022, home values have continuously dropped, with the Reserve Bank predicting further falls before any signs of recovery. Experts suggest that a rebound in the market hinges on improvements in the labor sector.
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