January 11, 2023

New data reveals that towards the end of 2022, seven out of New Zealand’s regions have become buyers’ markets due to falling home prices. According to Realestate.co.nz, the property market has seen a significant change in 2022, after an “interesting” year in which the national average asking price trended lower in reaction to growing inflation, interest rate rises, and changed lending restrictions. “Many outside forces have been at work this year. Not only has the New Zealand economy been booming, but the rising prices we saw during the height of pandemic restrictions have also begun to level down, “According to