Podcasts Other The Mike Hosking Breakfast Nick Tuffley: ASB economist predicts house prices will be lower than 40% when adjusted for inflation

Nick Tuffley: ASB economist predicts house prices will be lower than 40% when adjusted for inflation

Published: Dec. 13, 2022, 7:37 p.m.

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House prices are down sharply and questions remain as to whether they will stay down.

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ASB Bank predicts prices will eventually be lower by 40 percent once we adjust for inflation and 25 percent in cold cash terms.

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They\'re now 14 percent below the peak last year and there are signs the rate of decline may be increasing.

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ASB\'s Nick Tuffley joined Tim Dower.

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