Buying Property Overseas

Brits leave for New Zealand

The number of people leaving the UK for New Zealand has more than doubled in the last five years. According to Moneycorp foreign currency specialists a quarter of all skilled migrants moving to NZ are now from the UK. The main reason given for moving there is quality of life. Auckland and Wellington rank 5th and 12th in Mercer’s Quality of Living Survey, while London languishes at 39th

New Zealand Real Estate and young buyers

A survey by Britain's National Savings and Investments (NS&I) has found a quarter of Britons trying to buy their first house would consider moving overseas to do so -- and a third of those had their eye on New Zealand or Australia. NS&I spokesman Mark Brooks said a property boom in Britain had caused average house prices to double over the past six years. The median housing price in Aucklandhttp://www.massey.ac.nz ), a leading provider of real estate information for the country. With Auckland’s land area limited and its population growing, a cost-effective way to build new projects is to go higher.

for 2006 was $395,000 NZD. Over the past five years, about 20 high rise residential buildings have been constructed each year, according to statistics cited by Massey University

Property in New Zealand