Value increase to slow

According to QV, the latest monthly property value index shows that nationwide residential property values increased further in December according to the latest monthly property value index. Values are up 3.0% over the past three months, 10.0% up over the past year, and 12.5% above the previous market peak of late 2007.

Nationwide values are likely to increase only modestly this year, but that will probably be as a result of everywhere outside of Auckland slowing while the Auckland market itself will continue to increase.

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