- New Zealand’s runaway housing market may have slowed, but a new global study shows the country is poised to become the world leader in house price growth.
In Knight Frank’s latest Global House Price Index Turkey retained the top ranking for the fifth consecutive quarter, with house price growth of 13.9%.
However, Knight Frank residential research specialist Kate Everett-Allen said New Zealand is fast catching up.
New Zealand’s year-on-year growth came in at 13.5%, meaning it retained its second place position on the index.
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