Property values in the Queenstown-Lakes District are continuing to fall
Property values in the Queenstown-Lakes District are continuing to fall
15 May 2019
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.
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