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A recent publication indicates that property prices have finally recovered to the pre GFC levels read more . . . . . .

February 22nd, 2012

National Property Values rose +1.1% for the quarter ending 31 Jan, and are now 3.3% below the previous market peak in late 2007, Quotable Value said in a report.  The national gain has come from rising values in Auckland, which are up +5.1% on the same time last year.  The number of house sales climbed by a fifth in December from a year earlier, according to Real Estate Institute figures last month, though the number of homes on the market remains low by historical standards.  Christchurch property values were +3.7% above the same month a year ago, with the average sale price at $377,040 up from $371,885.