| 01.06.2009 - Finance ministry gives gloomy outlook for New Zealand property recovery |
| From Propertywire.com: Increasing unemployment in New Zealand is set to stifle any real estate recovery, according to a gloomy forecast from the Treasury. Property prices are forecast to decline nearly 8% in the year to March 2010 and a further 4% in the year to March 2011. They are already down an annual 9%, it said in a fiscal report.......Full Article: Source |