Auckland House Prices, Is It A Bubble Due To Burst?

The house prices in Auckland have doubled in the recent past while some of the parts of the country are yet to recover from 2008 crash. It is predicted that the house prices will continue on slower upward trend until December 2017 when they will fall by 11 percent for a period up to 2019. The fall in prices will occur due to an oversupply of houses given the rapid building of new homes as the population growth slows down. According to ...