New Zealand House Prices Dip For The First Time in Eight Months
Residential houses in Wellington, New Zealand.
Photographer: Mark Coote/BloombergThis article is for subscribers only.
New Zealand house prices fell for the first time in eight months in April as high borrowing costs and a sluggish economy kept buyers on the sidelines, according to CoreLogic.
Values dropped 0.1% from March, the company said Wednesday in Wellington. That’s the first monthly dip since August last year. Prices rose 0.5% from a year earlier.