Gay Real Estate: New Zealand Real Estate Market Improving

Gay New Zealand Real EstateAt Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Residential property prices in New Zealand are beginning to stabilize but are still 5.6% below the market peak in 2007, according to the latest figures to be published.

The data from QV Valuations, New Zealand’s largest valuation and property information company, shows that the rate of falling prices has slowed so that the gap between values this year and last has closed to 0.3%.

“This time last year values were steadily increasing from a low in early 2009. This increase continued until March 2010, then values began to gradually decline,” it says in its November monthly report.

Full Story from NuWire Investor

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