Buying real estate in New Zealand attracts a variety of buyers with different goals. Here are some of them:
New Zealand residents
Own a home: Many locals buy real estate primarily for themselves and their family. This can be either a residential house or an apartment.
Investment: Many residents use real estate as a way to invest their money. They may rent out the property to earn a steady income.
Foreign Investors
Investment: Foreign investors see New Zealand as an attractive place to invest in real estate. They may purchase real estate as a source of income or for the purpose of long-term appreciation.
Relocation: Some foreigners buy real estate in New Zealand for the purpose of relocating and establishing their lives here. This may be for work, study or simply a desire for a change of scenery.
Recently, real estate in New Zealand is increasingly in demand from foreign buyers from all over the planet. Attract people chic ski resorts, clean spacious embankments, colorful places and, of course, a developed economy. Usually investors try to buy real estate in areas with the greatest concentration of tourists in order to further rent out housing.
Some buy real estate to resell it profitably after a while, because the cost of apartments and houses is rapidly increasing every year
Buyers living on the island on a permanent basis is not a lot. This is due to the high cost of living, which is not everyone can afford. But even so, there are quite a lot of Russian-speaking citizens – about 6 thousand people. Most of them are natives of the former USSR. All of them mainly live in Wellington, the capital of New Zealand, as well as in Auckland.
