In the 2010s, a municipality in the Wellington metropolitan area in New Zealand upzoned 80% of its residential land to allow medium- and high-density housing. It led to a substantial increase in housing supply and a 21% reduction in rents relative to similar municipalities.
In the 2010s, a municipality in the Wellington metropolitan area in New Zealand upzoned 80% of its residential land to allow medium- and high-density housing. It led to a substantial increase in housing supply and a 21% reduction in rents relative to similar municipalities.