PHOTO: Regional New Zealand flourishes in current property market, while the main centres stall.

Regional New Zealand outshone the main metropolitan centres in March, based on latest statistics released by realestate.co.nz, New Zealand’s largest property listing site.

“The regions are looking lively with asking prices and new listings up in most of the country’s regions, while the main centres paint a different picture,” says Vanessa Taylor, spokesperson for realestate.co.nz.

Real-time statistics from realestate.co.nz show that the top 10 regions with the largest increases in asking prices (compared to the prior month), did not include any of the main centres.

“When we drill down to the top five and bottom five regions, the picture becomes even more interesting.”

READ MORE VIA REALESTATE.CO.NZ