12 Oct 2022

No sign of spring uptick as house prices continue to decline

From Midday Report, 12:43 pm on 12 October 2022

The decline in the housing market is continuing with no sign of the traditional Spring uptick.

September's Real Estate Institute's house price index, which measures the changing value of properties, shows a fall of 0.7 percent on August, with the annual decline steepening to 8.1 percent. 

The Institute's chief executive Jen Baird spoke to Michael Cropp.