New Zealand Real Estate News
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New Zealand Real Estate News |
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New houses down as rate rises bite
New house building consents have fallen to their lowest level in six years as the heat goes out of the residential construction sector. Council authorisations were given to build 25,544 new houses last year, the lowest number since 2002 and nearly 6000 houses down on the peak of 2004.
New Zealand's Residential Property Prices Fall In December
The national median sales price in the New Zealand's residential property market stood at NZ$345,000 in December, down nearly 2% from NZ$352,000 registered in November, the Real Estate Institute of New Zealand, or REINZ, said Wednesday.
BoB to invest $20 mn in NZ subsidiary
Bank of Baroda (BoB) will establish a wholly owned subsidiary in New Zealand to expand its footprint in the Asia-Pacific region. Initially, the public sector bank plans to pump close to $20 million (25 million NZD) in the new entity. |
