Mon, Nov 24, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Emerging Trends, Finance, Research, Residential property Watch more

NZ: Rapid house price rises ‘unsustainable’

Posted on 27 March 2012

The rapid rises in house prices in the Auckland and Christchurch markets are unsustainable, says Westpac. The bank released a report on the housing market today saying increasing values in those areas were due to a shortage of homes and that the rest of the country was unlikely to see such large rises.
“We expect higher interest rates and a burst of construction activity to curtail the market in years to come,” Westpac chief economist Dominick Stephens said………………………………………..Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930