new zealand property popularity spikes
News Posted On: 21 March 2009
Overseas property portal Property Abroad has recorded a sudden spike in the popularity of New Zealand property this month. The reason for the rise is unclear, but potentially it could mean confidence in real estate is rising sufficiently that anyone holding off a property investment or lifestyle buy is going ahead with it, according to emerging trends analyst Erin Scott, she said:
March has been a massively good month for New Zealand property, compared to the norm I can safely say the enquiries are flying in. Unlike most of the trends I come across the trigger for the sudden rise in New Zealand's popularity with overseas buyers is a mystery - answers on a postcard kind of scenario.
"I am left to put it down to a generic reason like, people holding off buying for lifestyle reasons; emigration or a holiday home, and deciding that now is the time to take the plunge. This could then mean that general confidence in international real estate is once again on the rise."
Property Abroad are currently advertising dozens of properties for sale in New Zealand, including studio apartments in Auckland from £58k. The Proximity development offers a 2 year rental guarantee of $400 per week and is nearing completion.
For those looking for completed property, the portal is also advertising some pretty special 2 bedroom apartments in Christchurch, newly completed and at the discounted price of £122k, and an 8 bedroom guest house in Auckland for £245k -- part exchange considered.
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