New Zealand Property

New data shows that the price of almost 40% of properties that were listed with a price in 2022 was later cut. According to new information from realestate.co.nz, property owners are hesitant to advertise their homes for sale. Across the country, December had a 26% decrease in new property listings compared to December 2021. In the last month, only Taranaki and Coromandel had more postings than they had a year ago. However, there remained a wide variety of other homes from which to choose. Coromandel, Nelson and bays, Taranaki, and the central North Island all had more than double the

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