HOUSE PRICE EXPECTATIONS

House Prices Increasing

Latest research from ASB show a big jump in NZ house price expectations in face of low rates and supply.

A net 45 percent of respondents expect house prices to increase in the next twelve months, compared with 27 percent in the three months ended Jan. 31, according to the ASB’s Housing Confidence Survey.

A net 21 percent believe now is a good time to buy, up 1 percent, while 43 percent see interest rates rising in the coming year, up from 27 percent.

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