Tag: CoreLogic New Zealand

New Zealand Real Estate Prices Dropped The Most Since 2010, Forecast To Fall Further

May 31, 2022

New Zealand’s residential real estate market is becoming softer by the day. CoreLogic NZ data shows home prices fell across the country in May. A combination of higher rates and anti-speculation measures are rapidly cooling demand. Prices are now falling at the fastest rate since 2010 and the central bank expects them to fall a […]

New Zealand

New Zealand Real Estate Falls, “Outlook Remains Pessimistic”: CoreLogic

May 4, 2022

Higher mortgage financing costs are derailing New Zealand’s hot real estate market. The CoreLogic New Zealand House Price Index shows home prices fell in April. It was the first decline for home prices at the national level since 2020. The firm notes two major markets even saw the biggest drop since the Global Financial Crisis […]