New Zealand

New Zealand offers the global traveler a lot and due to this also a lot to the Holiday Home Investor. A beautiful yet modern country tucked away in a corner of the world, this country has much to offer investors. New Zealand’s house prices continue to rise, but at a slower pace, amidst a decline in property demand. However, demand is expected to surge again in the coming months, after a 7.8-magnitude earthquake devastated the country in November 13, 2016, leaving many New Zealanders homeless. Post-earthquake rebuilding is expected to bolster the housing market. The nationwide median house price rose by 6.26% to NZ$515,000 (US$366,423) during the year to end-Q3 2016, a sharp slowdown from a year-on-year rise of 15.39% duringthe same period last year, according to the Real Estate Institute of New Zealand (REINZ). When adjusted for inflation, house prices rose by 6.07% y-o-y to Q3 2016. During the latest quarter, house prices increased 3% (2.87% inflation-adjusted) from the previous quarter.

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