2 ms·
House prices are definitely not dropping in my city, even though housing supply is going up about 2.5% per year (urban sprawl in outer areas, plus some densific
by robocat 3y ago
House prices are definitely not dropping in my city, even though housing supply is going up about 2.5% per year (urban sprawl in outer areas, plus some densification). Christchurch, New Zealand.
I think because immigration grows NZ population fast enough to absorb the new housing.
- robocat 3y agoGood information on NZ house policy and growth: https://worksinprogress.co/issue/upzoning-new-zealand https://worksinprogress.co/issue/upzoning-new-zealand