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Otago region in New Zealand sees 19% rise in new home consents, bucking a national 9.8% decline in 2024.
Despite a 9.8% nationwide decrease, New Zealand's Otago region saw a 19% rise in new home consents in 2024, driven by the Queenstown-Lakes district.
Nationally, 33,600 new homes were consented, with stand-alone houses up 0.7% to 15,780, but multi-unit homes fell 17% to 17,820.
Canterbury and Wellington saw significant declines of 22% and 24%, respectively.
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La región de Otago, en Nueva Zelanda, registra un aumento del 19% en los nuevos consentimientos para el hogar, superando un descenso nacional del 9,8% en 2024.