18.03.2013 - New Zealandís property market continues to boom
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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