New Zealand’s five-year housing correction has further to run
New Zealand’s housing price correction began in November 2021, and since then, prices have declined by more than 15% nationally in nominal terms and by around 30% in real, inflation-adjusted terms. As a result, real New Zealand housing prices are tracking at the same level as March 2018: There are good reasons to believe that The post New Zealand’s five-year housing correction has further to run…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
