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Last month saw the lowest number of residential properties sold for December in seven years, according to the latest figures from the Real Estate Institute of New Zealand, or REINZ.
December 2018 had a decrease of 12.9 per cent year-on-year, with 5330 houses sold – a 787-house drop from December 2017.
Excluding Auckland, New Zealand had an 8.2 per cent drop in properties sold compared to December 2017. It was the lowest for the month of December in five years.
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