'New Zealand house prices soar despite Covid recession, worsening affordability crisis' bookmarked by ~theguardian-world

New Zealand house prices soar despite Covid recession, worsening affordability crisis

theguardian.com

Property market posted an 11% rise in median values, masking rising homelessness and a widening social divide, critics say New Zealand house prices have defied the Covid-19 recession and soared to record levels, prompting warnings that the hot property market will damage the country’s long-term economic wellbeing and widen inequality.New Zealand, which already had some of the most unaffordable housing in the world, saw median prices rise 11.1 % in the year to September, while the median price in Auckland reached nearly $1m (US$660,000). Prices rose 2.5% across the country in September compared with August. Continue reading...

business economics housing new zealand new zealand politics
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New Zealand once led the world on social housing – it should again | Bryce Edwards

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New Zealand sheltered its homeless during Covid-19 – but can it last?

theguardian.com

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'They allowed the perfect storm': UN expert damns New Zealand's housing crisis

theguardian.com

Special rapporteur says successive governments have contributed to what she called a ‘human rights crisis’When Leilani...
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