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NZ market picking up with sales surging 37pct year-on-year

Posted on 16 March 2012

New Zealand’s property market is continuing to strengthen as latest figures show a rise in sales and prices. New data from the Real Estate Institute of New Zealand (REINZ) for February revealed that the sales volume was up to 6,168 in the residential housing market … a 37% (1,666) increase year-on-year.
Home prices are also up according to data from the second month. The national median price was $355,000, up 1.4% compared to February 2011………………………………………..Full Article: Source


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