One of New Zealand's most popular investment destinations is real estate. New Zealand, located in the Pacific Rim, is catching up with earthquake risks but the housing market is very big and popular. The reasons for this are the favorable environment of the New Zealand dollar, the generosity of foreign capital inflows and the similarity of the New Zealand national system to the western countries.
However, the government now envisions that property prices are higher than the fair price, and that the non-housing population is still so high that foreign capital can no longer affect real estate.(Source:https://www.bbc.com/korean/international-45204237)
The bill, which was enacted in August this year, is not yet fully effective, but experts expect it to be somewhat effective. The government has been trying to reduce the non-residential population by a little while reducing the popularity of real estate and the price of real estate due to the inflow of foreign capital, and to make the real estate available only in New Zealand, i want to bring down the rate.
In fact, real estate prices are now down slightly, and experts say real estate prices will ease. However, there is a lot of opinion that the real estate fever that as already started is not easily turned off\, and the housing shortage has not been eased yet, and the enacted law will soon become ineffective.
There are a lot of people who think that New Zealand house prices have a lot of bubbles right now, and now real estate prices are linked to the global housing boom. It is a very popular and attractive investment target because it can steadily acquire income by renting the capital of the house Countries where the housing boom has taken place will try to lower real estate prices, and New Zealand is no exception.
However, the nature of the housing capital means that people with money not be willing to give up real estate easily and that the price bubble will not go away. Of course, New Zealand was popular with foreign investors because of its good nature and air, and real estate was buoyant, but that did not mean it was not popular with locals. However, the scale of real estate competition is only slightly smaller. Of course, the price may be eased or reduced, but if the immigrants come to New Zealand and are interested in real estate, then there will be a lot of competitors and bubbles in the price.
The government-enacted real estate law is temporary, but i think it is effective, but it is only temporary and expects property prices to rise again.
(Translated from https://ideaofbrad.blogspot.com/2018/11/blog-post_18.html)
No comments:
Post a Comment