Property market in longest and deepest downturn in decades
New Zealand's housing market is experiencing its longest and deepest downturn in 30 to 40 years, with July showing a 0.3% fall.
New Zealand's property market is going through its longest and deepest downturn in 30 to 40 years, according to property data firm Cotality. The latest market data shows prices fell 0.3% in July. The downturn is notable for both its length and depth compared to recent decades.
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Stuff
Property market experiencing ‘longest and deepest downturn’ in 30 or 40 years
Property data firm Cotality’s latest market data shows a 0.3% fall in July.
Otago Daily Times
Property market's 'longest downturn' in decades
1News
Property market's 'longest and deepest downturn' in 30-40 years
New Zealand's housing market is going through the longest and deepest downturn in 30 or 40 years, property data firm Cotality says.