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New Zealand's home prices fell 3.5% in November, ending a spring rise, but remain 0.8% above last year’s level.
New Zealand's property prices dipped 3.5% in November to an average of $851,950, following a spring surge, with most regions seeing declines due to seasonal slowdowns.
New listings and demand both fell month-on-month, but year-on-year demand rose 22% and homes sold two days faster, signaling underlying strength.
Regional results varied, with Hawke’s Bay and Gisborne seeing the largest drops, while Taranaki, Nelson/Tasman, and the West Coast posted gains.
Prices remain 0.8% higher than a year ago, and experts expect a rebound in early 2026 as affordability improves and interest rates fall.
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Los precios de la vivienda en Nueva Zelanda cayeron un 3,5% en noviembre, poniendo fin a una subida de primavera, pero se mantienen un 0,8% por encima del nivel del año pasado.