New Zealand House Prices Rise at Fastest Annual Pace Since 2007
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New Zealand house prices rose in November at the fastest annual pace since late 2007, led by demand in Auckland, while monthly property sales were the highest in five years.
Prices rose 7.3 percent from a year earlier, the Real Estate Institute of New Zealand said in an e-mailed statement. That’s the most since November 2007. Values in Auckland, the nation’s biggest city, jumped 13 percent.