Features of the Real Estate Market in New Zealand

Estimated read time 2 min read

Anyone can invest in real estate in New Zealand. There are no restrictions. To do this, you just need a sufficient amount of money, since housing prices here are high. A big advantage for any potential buyer is that in the country the official language is English, because the country is governed by the British monarch.

New Zealand is located on two islands – North Island and South Island

On the North Island lives about ¾ of the total population, so real estate is usually purchased in this region. The most popular cities are Wellington and Auckland. The climate here is quite comfortable, in winter the temperature does not fall below +10. There is almost no snow, except for the tops of volcanoes. The greatest demand is for houses and apartments. Families with children usually settle in houses. Pensioners, students and young couples prefer apartments.

South Island real estate is invested in by those who plan to rent out their homes to tourists. In this region is located in the southern Alps, where there are many ski resorts. Here are in demand villas and resorts.

The architecture of all buildings is quite minimalist. Simplicity of lines, functionality and lots of windows are the main features of almost all houses, villas and apartments.

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