Wellington had the third fastest house price rise in the world in the first three months of this year, when compared with a year earlier. Soaring house prices in Wellington mean the city now has the third hottest market in the world, an international property consultancy says. Knight Frank researcher Kate Everett-Allen said urban house prices were rising at their fastest rate since 2007. Supplied Economist Tony Alexander says Wellington price growth has escalated in recent years. The latest CoreLogic figures showed price rises had slowed nationally and regionally, while Quotable Value’s June figures had quarterly price rises slowing for the second month in a row.

Source: Stuff July 08, 2021 04:48 UTC