|House Prices Likely to Fall
New Zealand house prices are likely to fall as the coronavirus pandemic continues to impact domestic and global markets. While real estate assets are large, robust, and somewhat resilient, the current situation will be a huge test. Unemployment is just one of many factors likely to affect the market, with tourism, rental prices, and wider business confidence also likely to have a negative impact. Overall, house prices are likely to fall over coming months, with the speed and extent of the decline directly linked to the state of the global pandemic.