While the economic environment in New Zealand has been a little unpredictable over the last few years, there are signs that the property market in New Zealand has further to go.  Annual increases of over 10% have been reported over the last few months, perhaps a sign of increased overseas interest in a country which has received much “free” publicity from a variety of movies shot there. 

In what may be a surprise to many, New Zealand has one of the most developed and smooth running property markets in the world.  The system has had much use with over 75% of the New Zealand population owning their own homes, and has been welcomed by overseas investors and expats. 

For a country which is so far removed from the rest of the world by distance, New Zealand has really prospered over the last few years. As mentioned earlier, the so called “brain drain” of 20 years ago has been reversed and the country is attracting significant numbers of skilled immigrants.