New Zealand’s housing market should continue to enjoy solid growth for a relatively long time but it isn’t in danger of overheating, according to National Bank
Monday, November 11th 2002, 8:35AM
by The Landlord
"House prices have been growing at a steady clip – around 6% on last year," the bank says. The number of days it takes to sell a house has dropped from 71 a year ago to 55 last month and the higher turnover has brought about a perception that the housing market has been performing extremely well, it says.
"However, we’d prefer to describe activity in the housing market as strong or healthy rather than feverish."...
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