In June the value of residential real estate in the country rose by 0,7% relative to May.
Compared with June 2009 the figure was 3.7% higher, according to a report of the Institute of Real Estate of New Zealand (REINZ). It is noted that the transactions were at prices 4-5% lower than required by sellers.
The number of transactions in housing in the country declined in June to 12,1% in relation to the previous month, and their total value - 13,7%. In comparison with June 2009 the number of deals fell by 24.2%.
In May, the New Zealand housing prices declined on a monthly basis at 1.7%, while the number of transactions remained stable.
Recall that the comparable data on the dynamics of housing prices in New Zealand in June published a consulting company Quotable Value.