PHOTO: New Zealand property market
Property experts believe now is a strategic time to get into the New Zealand market.
Confidence in house price growth across most of New Zealand has peaked, according to a new ASB Bank survey, which shows expectations are lowest in Auckland and Canterbury, reflecting flat or falling prices.
ASB chief economist Nick Tuffley says new laws, such as the foreign buyers’ ban which came into effect in October, are likely to reduce demand and, he says, house price and interest rate increases are not likely in the next year.
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