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New Zealand's house prices drop 17%, with the PM aiming to make housing more affordable.
New Zealand's house prices have fallen by over 17% from peak levels, returning to pre-pandemic levels despite interest rate cuts.
Prime Minister Christopher Luxon aims for modest increases and emphasizes making housing more affordable through wage growth.
An announcement on the ban of foreign buyers is pending.
First-time buyers are taking advantage of lower prices, while investors are also returning to the market.
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Los precios de la vivienda de Nueva Zelanda caen un 17%, con el objetivo del PM de hacer que la vivienda sea más asequible.