QV’s Residential Price Index for October shows that property values in the Wellington region have continued to slide, falling 3.4% since March this year. In contrast, values increased by 3.6% in the five months to March. Consequently, values now sit 0.6% below the same time last year, and 6.5% below the market peak of early [...]
QV’s Residential Price Index for August shows that property values in the Wellington region have continued to decrease, by 2.2% since March this year. In contrast, values increased by 4.4% in the 7 months to March. Consequently, values now sit 2% above the same time last year, but 5.4% below the market peak of early [...]
Economists are predicting the housing market will stay soft for the rest of the year after Real Estate Institute data showed sales volumes stayed under pressure last month. By Paul McBeth Total residential sales sank to 4,575 last month from 5,206 in May, and 6,040 in June last year. That’s only the second time in [...]
Does your home’s Rating Valuation represent real value?? And what is market value anyway? Market Value is the most probable amount that a willing and informed buyer will pay and a willing and informed seller will accept for a property in a competitive and open market under all conditions requisite to a fair sale, the [...]
