ANALYSIS: House prices in New Zealand are set to fall over the coming year, global financial ratings agency Standard & Poors says. While Standards & Poors expect house prices to unwind in an orderly manner as a result of the Government measures, the agency said there was a risk the unwinding would not be orderly and could lead to prices falling excessively. The key point here is the size of any price fall. So homeowners might give up a little of the gains they’ve seen recently, but most won’t be hurt.”Abigail Dougherty/Stuff Global ratings agency Standard & Poors expects New Zealand house prices to fall over the coming year. Marion van Dijk/Stuff A 10 per cent price fall needs to be looked at in the context of last year’s 20 per cent increase in prices, economist Cameron Bagrie says.

Source: Stuff April 16, 2021 06:00 UTC