WELLINGTON, Oct 12 (Reuters) - New Zealand house prices inched higher on an annual basis last month, while the number of properties sold fell to its lowest for the month of September in six years, the Real Estate Institute of New Zealand (REINZ) said on Thursday.
Annual house prices across New Zealand rose 0.6 percent on a seasonally adjusted basis, and fell 1.3 percent on the month.
The number of properties sold during September fell 26.2 percent year on year, as uncertainty surrounding a Sept. 23 election weighed.
"The soggy start to spring combined with the 'election effect' has had a significant impact on the number of sales across the country," REINZ Chief Executive Bindi Norwell said.
