New Zealand's property market remains buoyant
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New Zealand’s housing market remains buoyant, amidst strong economic growth. During the year to end-February 2014, the nationwide median house price rose by 8.64% to NZ$415,000 (US$354,547), according to the Real Estate Institute of New Zealand (REINZ).
Eleven of the country’s twelve regions had house price rises during the year to February 2014. Caterbury/Westland registered the biggest house price increase, with a 12.4% y-o-y rise in February 2014. It was followed by Auckland (10.7%) and Southland (8.3%).
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