Harcourts NZ, the local property brokers, have flown company representatives over to China and Hong Kong in order to sell a package of high-end NZ properties. NZ is of course an appealing market because of its idyllic natural environment, however given the small size of the local economy, during an economic squeeze like the current recession, it is often difficult to find buyers.
Prospective buyers will need to contend with the local foreign investment restrictions. Among the properties available for purchase are:
1. Private islands
2. Agricultural properties
3. High end residential apartments
Prospective buyers might be interested in our report on the NZ property market.