Auckland apartment will not be sold to foreign buyers

Hundreds of new apartments in Auckland, New Zealand, will be sold to foreing buyers after approval from the Overseas Investment Office. The Overseas Investment Office (OIO) said it had “granted transitional exemption certificates for several apartment developments on residential land that is not otherwise sensitive”. OIO’s website said the transitional exemption certificate for large residential …

Kevin Roberts sells property in Auckland

Former Saatchi boss Kevin Roberts sells his ownership on Auckland Remuera. The house sits on a lush garden of more than 3500 square meters. Also, the resort-style house has tennis court and squash court. With more than $ 12 million in resume, the Portland Rd house was designed as a family home in the 1990s …

New Zealand grants developer of Auckland tower exemption under anti-foreign buyer law

Non-citizens in New Zealand are restricted from buying property. However, they were allowed to buy units from the Pacifica project, which was under construction in Auckland. Gavin Lloyd, residential projects national director at sole marketing agents CBRE, said that developers of The Pacifica had been granted an exemption by the Overseas Investment Office so they …

New Zealand median house prices rise in February, says REINZ

Median house prices firmed slightly and sales volumes lifted across New Zealand during February as the market exited the holiday period, according to the latest figures released today by the Real Estate Institute of New Zealand (REINZ), source of the most recent, complete and accurate real estate data in New Zealand. Two of 12 regions …

Auckland average home sale price falls 1.1% in November

The average home sale prices in Auckland fell 1.1% and reached NZ$933,130 in November, according to the Barfoot & Thompson. “Signs the rate of price increase has been slowing have been there for some months but November’s sales data confirms that for the time being at least, Auckland prices have stopped rising,” said Peter Thompson, Managing …

The ten hottest luxury property markets in the world

Christie’s International Real Estate has released its Global Luxury Real Estate Market Report: Luxury Defined 2016 which examines data from its affiliates in more than 100 prestige real estate markets worldwide. According to the report, Auckland is the most hottest luxury property market in the world with 63 percent growth in million-dollar-plus sales thanks to …

Median sale prices increase in New Zealand, Auckland hits new record in August

According to the Real Estate Institute of New Zealand (REINZ) latest datas, housing inventory available for sale is continuing to rapidly fall nationwide,with an 18% decline in properties available for sale year-on-year and five regions with less than 12 weeks of supply, representing almost 70% of sales volumes. According to the latest figures, source of …

Auckland is the most hottest luxury property market in the world, says Christie’s International Real Estate

  Christie’s International Real Estate has released its Global Luxury Real Estate Market Report: Luxury Defined 2016 which examines data from its affiliates in more than 100 prestige real estate markets worldwide. According to the report, Auckland is the most hottest luxury property market in the world with 63 percent growth in million-dollar-plus sales thanks …

The top most hottest luxury property markets in the world

Christie’s International Real Estate has released its Global Luxury Real Estate Market Report: Luxury Defined 2016 which examines data from its affiliates in more than 100 prestige real estate markets worldwide. According to the report,  Auckland is the most hottest luxury property market in the world with 63 percent growth in million-dollar-plus sales thanks to …