New Zealand House Prices Fall In June



New Zealand's house prices index declined percent in June, data from the Real Estate Institute of New Zealand, or REINZ, showed Monday. The REINZ housing price Index dropped 0.3 percent month-over-month to 3,913.3 in June. Prices in Christchurch and Wellington fell 1.9 percent and 4.3 percent, respectively, in June. Meanwhile, prices in Auckland rose 1.6 percent. Annually, the REINZ housing price index rose 6.2 percent in June. The number of dwellings sold decreased 12.3 percent month-on-month and 6.1 percent year-on-year in June.

News are provided by InstaForex.