By Anant Chandak BENGALURU (Reuters) - New Zealand house prices are forecast to rise again next year due to an ongoing supply shortage and expectations ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSWatch onBENGALURU - New Zealand house prices are forecast to rise again next year due to an ongoing supply shortage and expectations for interest rate cuts, according to a Reuters poll of property market analysts.
New Zealand house prices were expected to decline 4.8% this year, the latest Reuters poll of 11 property market analysts taken Aug. 14-28 showed. That predicted decline was about half of the 8.0% fall forecast in a May poll. "But as we get into 2024, we think the reality of higher-for-longer interest rates will set in, and that still-stretched affordability and rising unemployment will culminate in a very subdued pace of expansion in house prices," he said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Zealand Plans Spending Cuts as Weaker Economy Strains BudgetNew Zealand’s government is instructing departments and ministries to cut back spending on consultants and contractors as declining tax revenue strains its budget.
Read more »
New Zealand cuts spending plans as China, global economies slowSYDNEY (Reuters) - New Zealand said on Monday it would cut its future budget allowances, reduce spending on consultants and for some government ...
Read more »
Rugby-New Zealand lock Barrett cleared to play in World Cup openerNew Zealand lock Scott Barrett will face no further sanction after his red card in the record 35-7 loss to South Africa at Twickenham on Friday, leaving ...
Read more »
Meta, Google Face Digital Tax in New Zealand Beginning in 2025New Zealand will introduce legislation this week that enables a digital services tax on large multinational companies, though the levy won’t be imposed until 2025.
Read more »
New Zealand plans digital services tax for multinationals from 2025(Reuters) - New Zealand said on Tuesday it would introduce legislation for a digital services tax on large multinational companies from 2025 after ...
Read more »
LA media company settles first SEC enforcement case over NFTsBy Jonathan Stempel NEW YORK (Reuters) - A Los Angeles media company that billed itself as potentially
Read more »