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New Zealand’s property market continues to boom

Posted on 18 March 2013

Fears that the housing market in New Zealand is overheating has raised concerns that mortgage interest rates will increase sooner than expected in a bid to cool the market, according to economists.
Some property experts are predicting that prices will rise by 9% this year with some already increasing by 1.7% in the last three months and 6.3% in the last year. Now economists are saying that the current interest rate of 2.5% will have to be increased by the end of the year to help control the property market………………………………………..Full Article: Source


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