Find Property and Real Estate expertise in New Zealand
In 2009 the median home sales price was approximately NZ$350,000 (US$300,000), up 6.1% from the previous year. This price increase is more apparent in cities, such as Wellington and Auckland, where prices rose by 9.8% and 8.8% respectively in 2009. The property and real sector is highly marketed with tens of thousands of property on open market at a time. Real estate companies employ over 10,000 agents. Residential mortgages constitute a significant percentage of banking assets in the country.
Foreign nationals are permitted to by property in New Zealand, but ownership does not have any effect on the buyer’s right to live in the country.
There are no real estate taxes in New Zealand.
|Property and Real Estate organisations in New Zealand|
|Ray White Real Estate New Zealand||