Most people are picking a further fall in house prices.

In the latest ASB Housing Confidence Survey, 43-percent of respondents expect house prices to fall in the coming year.

People living outside Auckland and Canterbury are particularly pessimistic.

ASB Senior Economist Kim Mundy says this is a shift, as Aucklanders and Cantabrians were previously more pessimistic.

The survey also found three quarters of respondents expect higher interest rates over the coming year.

LISTEN ABOVE

Most people are picking a further fall in house prices.
In the latest ASB Housing Confidence Survey, 43-percent of respondents expect house prices to fall in the coming year.
People living outside Auckland and Canterbury are particularly pessimistic.
ASB Senior Economist Kim Mundy says this is a shift, as Aucklanders and Cantabrians were previously more pessimistic.
The survey also found three quarters of respondents expect higher interest rates over the coming year.
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.