An active government sector will cushion Wellington from an expected house price slowdown, but values elsewhere could drop up to 8 per cent in the next two years, a new forecast says.
Sunday, May 23rd 2004, 2:08AM
by The Landlord
House prices are peaking and there will be a marked slowing in the real estate market this year, the report says.
Prepared for mortgage insurer PMI by economic consultancy Infometrics, the report says lower migration and less buoyant conditions will curb house price rises, which have averaged 19 per cent nationally this year.
