N Zealand housing crisis: Prices surge more than 20% in the last year

About This Source - Al Jazeera English

The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.

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  • Al Jazeera English published this video item, entitled “N Zealand housing crisis: Prices surge more than 20% in the last year” – below is their description.

    A surprise surge in house prices since the start of the pandemic has put homeownership out of reach for many, while investors are making huge profits.

    In New Zealand, house prices have shot up twenty percent.

    Now the government is paying a million dollars a day to house the homeless in hotels.

    Wayne Hay reports from Auckland in the first of Al Jazeera’s four-part series on the rising cost of housing.

    Al Jazeera English YouTube Channel

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    In This Story: New Zealand

    New Zealand is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island and the South Island —and around 600 smaller islands, covering a total area of 268,021 square kilometres.

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