Rising home-loan interest rates and a slowing economy have pushed buyers to the sidelines, driving property prices sharply lower over the past year and a half. — Bloomberg
WELLINGTON: New Zealand house prices fell by the most in eight months in June, showing the market has yet to find a floor even as interest rates reach their peak.
Values fell 1.2% from May and have now declined for 15 straight months, CoreLogic New Zealand said.
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