Apartments bounce back

Apartment consents reached a seven-year high in April 2015, Statistics New Zealand said last week. Building consents were issued for 467 apartments. Almost all of these apartments will be built in Auckland.
“Consented apartment numbers often fluctuate, but have returned to historical average levels in the last couple of years, following four low years,” business indicators manager Neil Kelly said. “Consents for houses and townhouses are also at historical average levels, while retirement village consents have reached record highs over the past year.”
In April 2015, a total of 2,112 new dwellings were consented – up 1.4 percent from the same month last year.

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