Higher immigration leads to higher house prices and lower unemployment

New NZ Reserve Bank Study Finds Immigration Linked to Higher House Prices

Recent research by the Reserve Bank of New Zealand suggests that “immigration shocks” can lead to higher house prices and greater household credit. An immigration shock refers to a situation in which a country experiences a sudden, unexpected or large-scale increase in the number of migrants. The study also showed that older immigrants (ages 30 to 44) were more strongly linked to increases in labour productivity, whereas younger immigrants (ages…

Higher immigration leads to higher house prices and lower unemployment

New Reserve Bank research suggests large-scale immigration shocks significantly increase house prices and household credit.