New Zealand housing market in longest downturn in decades: statistics

NAMPA / Xinhua

2026-08-01

WELLINGTON, Aug. 1 (Xinhua) -- New Zealand's housing market is experiencing its "longest and deepest" downturn in at least 30 to 40 years, according to property data firm Cotality. National property values fell 0.3 percent in July after a similar decline in June, leaving the national median value at 804,303 New Zealand dollars (473,051 U.S. dollars), down 1 percent from three months earlier and 0.7 percent from a year ago, Cotality said in its......

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