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17 Dec 2024 15:36
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      Home > News > Business

    Wellington city's property market's running hot, with a sharp rise in sales

    Wellington city's property market's running hot, with a sharp rise in sales


    Real Estate Institute figures reveal sales rose 10.8 percent annually in November.

    In Wellington city, the figure was up 52 percent year on year - and 42 percent compared to October.

    OneRoof Editor Owen Vaughan says falling house prices played a part.

    He says property prices have fallen seven to 10 percent year on year.

    © 2024 Newstalk ZB, NZCity

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