Reported about 5 hours ago
A recent Reuters poll predicts that New Zealand home prices will increase at a slower pace through 2027 due to a fragile economy and rising unemployment impacting buyer confidence. Despite the Reserve Bank of New Zealand's substantial interest rate cuts aimed at spurring demand, the market remains stagnant, with average home prices expected to rise only 1.3% this year, significantly lower than earlier forecasts. While lower mortgage rates may improve affordability for first-time buyers, challenges persist, leaving many priced out of the market.
Source: YAHOO