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New Zealand continues to rise in prices and property sales

Recent data published by the Institute of Real Estate New Zealand , indicate that home prices and sales volumes in April 2016 reached record levels.
The average cost of housing in the country in April was $ 490 thousand., Which is $ 35 thousand. Ie 7.7% higher than that recorded years earlier.
It is worth noting that 8568 deals with residential real estate was registered in the period under review. This figure is 18.4% higher than the one that was registered a year ago.
The situation in the real estate market exacerbated by shortage of vacant offers. Over the past year the number of proposals has decreased in numbers by more than a third, and in some regions - twice. In 9 of the 12 regions of New Zealand, more than 20% reduction in the time required for the sale of property.
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