According to data released today by the Institute of Real Estate of New Zealand (REINZ), seasonally adjusted house prices rose in October by 4% compared with the previous month. In annual terms, the average price of real estates has risen by 10.9%. The country's largest city, Auckland, saw a rise of 16% compared to October 2015.

However, a spokesman for REINZ, Bryan Thomson said there was a reduction in sales of houses in October by 14% compared to the same period of last year. According to the website realestate.co.nz were sold 7.400 less real estate.