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New Zealand's property sales rise 12.8%, but median home prices dip 1.4% amid lower buyer urgency.
New Zealand's property market shows a mixed picture: sales are up by 12.8%, reaching 7,640 properties in March, but median prices fell 1.4% to $790,000.
Despite more listings on the market, buyer urgency has eased, influenced by lower interest rates.
Home lending also increased, with 56,938 new loans issued, up 21% from the previous six months.
ANZ economists forecast a gradual recovery with house prices rising 6% in 2025.
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Las ventas de propiedades de Nueva Zelanda aumentan un 12,8%, pero los precios medios de la vivienda bajan un 1,4% en medio de la menor urgencia del comprador.