• A district-wide revaluation of Hastings properties has revealed a 17.9 per cent increase in residential home values since 2013.

But the company that carried out the work says current strong demand for property in Hawke’s Bay means values are continuing to rise.

Quotable Value (QV) updated the ratings of 31,662 properties for Hastings District Council as part of a review carried out every three years.

QV valuer Bevan Pickett said the overall value of Hastings district property was now $18.9 billion, a 16.9 per cent on the last rating revaluation in 2013.

READ MORE:
* Where have property prices increased the fastest?
* Regional property prices hit all-time highs

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The Hastings CBD, where commercial and industrial property values have lagged behind increases experienced in the district’s residential property market.

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