Red-hot investor interest in New Zealand
New Zealand is emerging as one of the preferred property markets for global investors.
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Hawke’s Bay
New Zealand is emerging as one of the preferred property markets for global investors.
This is a key finding in Colliers International’s capital markets report, showing prime average commercial, retail and industrial yields in Auckland and Wellington are higher than their global counterparts.
Colliers International national research manager Chris Dibble says the world’s largest investment funds are now, more than ever, adopting a strategy of investing in New Zealand commercial real estate.
“While New Zealanders typically provide the lion’s share of buying activity, the motivations of offshore investors – searching for higher returns and asset diversification in a world with low interest rates and strong competition – have changed the investor landscape.”
Almost half the total value of properties sold for $5 million or more last year were sold to offshore investors.
This accounted for one fifth of all transactions.
Chris Hutching for NBR NZ Property Investor
Wed, 29 Apr 2015
Wed, 29 Apr 2015
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Red-hot investor interest in New Zealand
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