WELLINGTON (CU)_Over the past decade, house prices in New Zealand have reported a noteworthy escalation. This was particularly excessive throughout the recent years, with high cost of materials, problems with affordability, along with ultra-low interest rates and faster-than expected post-pandemic economic recovery have pushed prices to an all-time high.
In March, the government announced a host of measures in order to increase supply and cool the market. However, these efforts were proved futile, as a recent report issued by property website realestate.co.nz revealed that in June 2021 asking prices were…
