RNZ·3 min read·medium
Property market's 'longest and deepest downturn' in 30 or 40 years
R
RNZ | Te Reo Irirangi o Aotearoa
✦AI Summary
New Zealand's property market is experiencing its longest downturn in decades, with national median values falling. Economists suggest that investor uncertainty regarding potential tax policy changes and the upcoming election is contributing to the market's stagnation.
New Zealand's housing market is going through the longest and deepest downturn in 30 or 40 years, property data firm Cotality says.
economybusiness
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