New Zealand banks predict 20% drop in house prices over next year

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Economists say tighter credit conditions, higher mortgage rates and increased housing supply behind sinking prices

Price drops and supply increases will be welcome news for prospective buyers, but recent first homebuyers who spent up large now to own an asset that is less valuable, and increasing interest rates due to inflation, could make paying off a hefty mortgage more challenging, as a cost of living crisis also bites.

 

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This is not a war on land it is a religious war and an attempt to destroy the State of Israel when Arab states began a bloody campaign of persecution against their own Jewish communities following the declaration of the State of israel 850,000 Jews were expelled or forced to flee

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