On top of the world: housing affordability

A spotlight has been shone on global housing affordability by the release of the 6th Annual Demographia International Housing Affordability Survey - so just where are the improvements in affordability and which countries are becoming less and less affordable?...

The Demographia study examines the relationship between household incomes and house prices, in determining a city's affordability.

Latest New Zealand News

New Zealand consumer confidence retreated for a second month in a row in March, with respondents remaining optimistic but cautious in the face of rising unemployment and a slowing housing market.

House prices in the world's major economies, which last year were down an average of 5 per cent from 2007, may keep dropping, believes Prakash Loungani, an adviser to the International Monetary Fund's research department.

New Zealand is awash with unsold houses which could take nearly a year to clear, it has been revealed.

New Zealand property values have levelled out in most parts of the country in the past few months, and the national average is up from last year, the latest QV index shows.

The number of new properties on the New Zealand market surged in February but with buyers "cagey", the number of unsold houses across the country ballooned, it has been claimed.

Big plans to transform Newmarket in New Zealand's southern end from a brewery site into mixed-use have been slow to emerge...

Total farm sales in New Zealand slumped more than a third to 46 in the month of January from the same month a year ago, Real Estate Institute (REINZ) figures show...

The vice-president of the Property Investors Federation is relieved that most New Zealand housing tax options were ruled out in Prime Minister John Key's speech yesterday, but he is wary of what is to come...

The volume of houses sold nationally last month plunged 17 per cent and the market has slipped...

The property market in New Zealand in January was patchy with overall activity slower than expected although prices are now 4.4% above what they were a year ago, according to the latest property report...