Investors from all over the world are flocking to New Zealand, attracted by the high quality and low prices of the properties for sale, especially when compared to international standards. Although the prices of properties for sale in New Zealand have grown exponentially over the past decade, especially in the main centers of Auckland, Wellington and Christchurch; as well as many popular rural and coastal areas. With property values steadily rising after the effects of the global economic downturn, buying homes for sale in New Zealand offers a premium investment opportunity, with the potential for significant returns. The variety of real estate opportunities allows you to diversify your investment for better profits and security purposes.
New Zealand does not require investors who sell their properties to pay capital gains tax on their profits. This gives investors a distinct advantage as their profit margins have not decreased. Average home prices have risen steadily over the past decade, showing increases of 6.1% during the year ending September 2009, according to the Real Estate Institute of New Zealand.
During the period of the New Zealand real estate boom from 2001 to 2007, house prices experienced significant levels of growth, increasing by 94% (66% in real terms). Demand and median house prices began to decline in 2008 as the effects of the global economic crisis spread to New Zealand. However, effective financial management and economic stimulus packages released by the New Zealand government have produced a strong economy that has withstood the economic downturn. The New Zealand economy, and in particular its real estate market, has clearly benefited from effective measures implemented, resulting in an increase in consumer confidence and property sales. houses for sale crewe
During the New Zealand real estate boom experience from 2001 to 2007, the South Island experienced the highest rise in house prices due to the strong commodity market and growth in the tourism sector. The North Island also experienced an increase in property value, where many smaller towns and rural areas have achieved closer price and value parity with many of the larger centers. Auckland has the highest median price for home sales in New Zealand, with an average price of around $ 336,210.
New Zealand allows investors from around the world to access properties in unique locations and areas of innate beauty; so many could not afford it in their home countries. Additionally, with median prices of homes for sale in New Zealand being affordable by international standards, there are numerous opportunities for families to purchase their first homes and upgrade to larger models.