Housing Market Slowdown: Christchurch home values drop by over 3%
New Zealand’s average house value was down annually for the first time in over a decade in September, according to the latest figures by Quotable Value (QV). This left the national average at $956,592, according to the property company’s latest house price index. The Christchurch market has been in pain too, with property values dropping by aroun…
Will the Christchurch Real Estate Market soften like others in 2022?
A recent forecast from the financial institutions indicates that the Christchurch real estate market may be going soft in 2022. These reports speak about a drop of 6% by the end of the calendar year; higher than the previously reported forecast of 2.9%. Economy pundits have already opined that a market slowdown is a welcome change after the mass…