Nick Tuffley: ASB economist predicts house prices will be lower than 40% when adjusted for inflation
House prices are down sharply and questions remain as to whether they will stay down.
ASB Bank predicts prices will eventually be lower by 40 percent once we adjust for inflation and 25 percent in cold cash terms.
They're now 14 percent below the peak last year and there are signs the rate of decline may be increasing.
ASB's Nick Tuffley joined Tim Dower.
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