Economic Buzz: New Zealand REINZ House Prices, Sales Rise In March

capital market | Mumbai |

Economic Buzz: New Zealand REINZ House Prices, Sales Rise In March

New Zealand house prices increased NZ$20,000 or 4.2 percent from same period last year, the Real Estate Institute of New Zealand said Tuesday. On a monthly basis, house prices advanced 10 percent in March. About 9,527 dwellings were sold in New Zealand in March, up 30.7 percent on February. Year-on-year, sales climbed 8.2 percent. This was the highest number of sales in March since 2007. In Auckland, house sales surged 66.8 percent from February and house prices advanced 9.3 percent.

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