New Zealand: House Prices grow 1.4% MoM, 20.3% YoY in January - REINZ

Market news

14 February 2022

New Zealand: House Prices grow 1.4% MoM, 20.3% YoY in January - REINZ

NZ House Prices rose 1.4% MoM in January on a seasonally adjusted basis.
NZD did not see any reaction to the latest housing figures.

New Zealand House Prices rose at a MoM pace of 1.4% and 20.3% YoY in January on a seasonally adjusted basis, according to the latest data from Real Estate Institute of New Zealand (REINZ) released on Monday. However, the institute said that "compounding factors" are influencing a decrease in house prices and sales activity in New Zealand.

Market Reaction

NZD has not reacted to the latest data, with NZD/USD continuing to trade sideways just above the 0.6600 level.

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