Nominal growth of residential property prices in the local currency reached 6.28% in 2017 in New Zealand, according to the National Statistical Office. This is 54.7% less than in the previous year.
Historically, nominal growth of residential property prices in the local currency in New Zealand reached an all time high of 33.9% in 1973 and an all time low of -8.95% in 2008.
New Zealand has been ranked 27th within the group of 71 countries we follow in terms of nominal growth of residential property prices in the local currency.
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