New Zealand’s Human Rights Commission has termed the country’s housing crisis a “massive human rights failure” as it launched an inquiry into the issue. Soaring property values have led to a spike in homelessness.
Over the past year, property prices have increased by close to 30%, with government stimulus plans to tackle Covid-19’s impact on the economy reportedly worsening New Zealand’s long-term housing supply issues. According to a real estate report, only 12,684 homes are available for purchase across the country.
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