Science News

Increased housing supply leads to lower house prices – In 2016, Auckland, NZ, implemented a zoning reform to permit multi-family housing in areas previously zoned exclusively for single-family homes. This led to a massive increase in housing supply, with house prices falling between 15-27%.

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#HousingSupply #ZoningReform #AucklandHousing #AffordableHousing #RealEstateTrends