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6 Jul 2022 5:54
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  •   Home > News > Business

    The residential property downturn's effects are beginning to snowball

    The residential property downturn's effects are beginning to snowball


    The latest QV Quartile Index shows the mean average home value dropped one percent loss this quarter.

    QV general manager David Nagel says it's also the first time since the end of the 2020 nationwide lockdown... the upper quartile has recorded no value growth.

    He's putting it down to rapidly rising interest rates, affordability constraints and significantly tightened lending criteria.

    © 2022 Newstalk ZB, NZCity

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    The business community is feeling downbeat More...



     Today's News

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    Politics:
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    Entertainment:
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    Entertainment:
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    Entertainment:
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    International:
    Second Independence Day shooting in US, hours after gunman kills six in Chicago parade 19:19

    Entertainment:
    Alexandra Burke has given birth 19:08


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