New Zealand House-Price Slump May Be Over, CoreLogic Says
- Prices steady in September after 17 straight monthly declines
- ‘Housing market confidence seems to have turned a corner’
Residential houses in Wellington, New Zealand.
Photographer: Mark Coote/BloombergThis article is for subscribers only.
New Zealand house prices steadied in September following 17 consecutive monthly declines, adding to signs that the property market slump has ended.
Values were unchanged from August, CoreLogic New Zealand said Wednesday in Wellington. From a year earlier, prices dropped 7.3% — the smallest annual decline since January.