N.Z. House Prices Rise at Slowest Pace in 13 Months
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New Zealand house prices rose last month at the slowest pace in more than a year as consumer confidence slumped, according to a report from Quotable Value New Zealand.
Prices advanced 0.3 percent in November from a year earlier, after gaining 1.1 percent in October, according to an index compiled by Quotable Value. The growth of house values has been falling since March, the Wellington-based government agency said in an e-mailed statement today.