Rural property market in New Zealand

-

Rural real estate experts are predicting a slowdown in the New Zealand rural property market which has seen a steep increase in land prices this year.

In its quarterly market outlook for the rural sector, Massey University's real estate unit says it appears sellers' price expectations are now meeting some buyer resistance.

Its panel of experts suggest this is due to high interest rates and the strong New Zealand dollar which is undermining exports.

They have also identified the depressed state of the pipfruit industry as a factor influencing prices for horticultural properties.

More here.

Comments

Post a Comment

Popular posts from this blog

Never a Better Time to Buy Abroad

-
Image
Buying properties abroad can be nerve-wracking, especially in today’s economic climate. The fact that you will be dealing with a wholly different market from the UK, and you have little interaction or immersion with different areas, can make selecting and committing money to a property incredibly daunting. Now is the best time to start considering making an investment in holiday property though. The Great British Pound is slowly growing in strength against the Euro, in fact buyers can expect to buy 25% more Euros per pound than they could three years ago, when the exchange rate was almost equal. It means that you get a lot more for your money. This is coupled with a housing crash in many European countries. Spain in particular is a hotspot for those looking to purchase a holiday home. Due to the severe economic downturn in the country, house prices have plummeted, with some Spanish banks offering some properties discounted up to 70% against their 2008 price. Head of Savills
Read more

Holiday investors climb aboard the Marrakesh Express

-
Image
All aboard the train to Marrakesh. So sung Crosby, Stills and Nash in 1969, before cheap flights entered Morocco and made it a hotspot of holiday villas and second homes. With sales of holiday homes growing by 40 per cent in the second quarter of 2012, Marrakesh is ramping up the development of new holiday homes to cater for the increasing demand.
Read more