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Reuters

Business

New Zealand house prices fall in March - REINZ

FILE PHOTO: Residential houses are seen in Wellington, New Zealand, July 1, 2017. REUTERS/David Gray/File Photo

WELLINGTON (Reuters) - New Zealand house prices moved downward in March, the Real Estate Institute of New Zealand (REINZ) said on Tuesday.

Median house nationwide house values fell 2.2 percent on a seasonally adjust basis compared to the previous month, according to REINZ.

House prices posted annual growth of 1.9 percent.

(Reporting by Charlotte Greenfield, editing by G Crosse)

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