{"id":73713,"date":"2025-08-29T09:26:13","date_gmt":"2025-08-29T00:26:13","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2025\/aug\/29\/new-zealand-house-prices-falling-could-this-happen-elsewhere"},"modified":"2025-08-29T09:26:13","modified_gmt":"2025-08-29T00:26:13","slug":"new-zealands-house-prices-are-finally-falling-could-this-happen-elsewhere","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=73713","title":{"rendered":"New Zealand\u2019s house prices are finally falling. Could this happen elsewhere?"},"content":{"rendered":"<p>Prices have dropped by up to 30% in some parts of the country \u2013 but experts say obstacles to home ownership remain<\/p>\n<p>Three years ago, New Zealanders would have it found it almost impossible to imagine the country\u2019s sky-high house prices falling.<\/p>\n<p>The market was <a href=\"https:\/\/www.theguardian.com\/world\/2021\/aug\/02\/new-zealand-commission-launches-inquiry-into-massive-human-rights-failure-on-housing\">deemed one of the least affordable in the world<\/a>, with house prices nearly nine times the average income and supply dismally low. Desperate first home buyers were being squeezed out of the market by cashed-up investors.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2025\/aug\/29\/new-zealand-house-prices-falling-could-this-happen-elsewhere\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prices have dropped by up to 30% in some parts of the country \u2013 but experts say obstacles to home ownership remainThree years ago, New Zealanders would have it found it almost impossible to imagine the country\u2019s sky-high house prices falling.The market&#8230;<\/p>\n","protected":false},"author":2286,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[41,697,56],"tags":[],"class_list":["post-73713","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-housing","category-new-zealand"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/73713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/2286"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73713"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/73713\/revisions"}],"predecessor-version":[{"id":73714,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/73713\/revisions\/73714"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}