Residential real estate is becoming less available to New Zealand citizens because of the increased activity of foreign investors in the market and the associated higher prices, says an international portal of the Property Showrooms .
Most of the foreign investors are citizens of Asian countries, but 54% are buyers from Australia, Europe (including the UK) and South Africa. in 2014. More than 20% of foreign buyers of New Zealand and Australian made - 25% Chinese.
New Zealand media are actively discussing the topic of unfair price increases due to "unreasonable" wealthy Asians deposits in housing that is idle most of the year. Investors are attracted by the favorable economic climate of the country, high standard of living and the incredible beauty of nature. In addition, the complete procedure for obtaining a mortgage loan takes 47 hours here.
Prices for the purchase and rental of property in New Zealand is constantly growing. In May 2015 the cost of housing in the whole country reached a new record: the average price of single-family homes was NZ $ 521,729, while the number of new facilities on the market is reduced quite considerably compared to previous years. In some regions of the country (Christchurch) price increased by 32% from 2012 figures.
HomesOverseas.ru
