Talk Money: March 21, 2016

  • 21/03/2016
Tony Field (Paul Henry)
Tony Field (Paul Henry)

New Zealand has ranked number two in a survey of the world's fastest rising property markets.

Prices rose 14.2 percent in New Zealand in 2015, according to figures from global real estate agents Knight Frank.

Turkey topped the 2015 Global Price Index, rising 18.4 percent last year. That was despite terrorism and ongoing tension with Russia.

New Zealand also ranked number two in the "least affordable" rankings. Knight Frank says that was based on the latest data from the OECD, which measures house prices against incomes.

Belgium was the least affordable market, whilst home ownership is considered "most accessible in South Korea and Japan."

Share to Facebook Share to Twitter Share to Email
Share to Facebook Share to Twitter Share to Viber Share to WhatsApp Share to Email