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New Zealand property prices expected to increase (BNZ)

23 June, 2011

“the underlying drift in real estate activity and prices is upward as the labour market improves and awareness of a worsening housing shortage increases…Our expectation is that prices on average will move higher over the next two to three years driven in large part by a strengthening labour market and inability of rising construction to make much dent in a housing shortage we now estimate to be approaching 45,000 units.” (BNZ Real Estate Overview June 2011) Read this and other articles about the New Zealand property market here

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