New Zealand housing market faces worst downturn in decades
New Zealand's housing market is experiencing its most significant downturn in decades, with house prices dropping to three-year lows in July. This prolonged slump, which began in early 2022, reflects widespread weakness in the residential property sector.
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New Zealand Housing Market Faces Biggest ‘Down Phase’ in Decades
New Zealand's housing market is experiencing its most severe downturn in decades, with house prices hitting three-year lows in July following a continuous decline that started in early 2022. This prolonged slump has left the real estate sector in its weakest condition in recent memory, signaling significant challenges for both homeowners and the broader economy.
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