New Zealand Housing Recovery Will Be Slow, ASB Survey Shows
This article is for subscribers only.
New Zealand’s housing market will recover slowly this year as record-low interest rates bolster consumers’ views that prices will keep rising, ASB Bank Ltd. said, citing the results of a quarterly survey.
The proportion of respondents expecting higher home prices rose to 36 percent from 32 percent in the previous survey in January, Auckland-based ASB said in an e-mailed report today. Forty-one percent said now is a good time to buy a house, up from 39 percent in the previous survey.