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24 May 2019 19:22
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  •   Home > News > Business

    Property values in the Queenstown-Lakes District are continuing to fall

    Property values in the Queenstown-Lakes District are continuing to fall


    The REINZ House Price Index shows values have dropped 6.3 percent in the past three-months.

    Core Logic head of research, Nick Goodall, says it's almost certainly been influenced by the Government's ban on foreign buyers - that came into effect in October last year.

    But he says there's still demand across the lower levels of the market - which should hold prices up over the longer term.

    © 2019 Newstalk ZB, NZCity


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