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Real estate market of New Zealand is out of crisis

10 June 2009

In May prices for houses in New Zealand have decreased on the 2009 minimum level.
According to experts, delay of rates of falling of the prices shows that the real estate market of the country will soon recover and will help economy to struggle crisis.
According to national appraiser Quotable Value New Zealand Ltd., in May average prices for houses have fallen on 8,1 % in comparison with last year. Bloomberg proves it is the most insignificant falling since December, 2008.


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