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A Growing Market In New Zealand Real Estate
In a world and economy that is increasingly globalizing, the idea of purchasing international real estate has become more and more popular. With Americans, as much as ever, enjoying world travel and spending time abroad, international real estate is a growing market that deserves attention. Within the scope of this boom in Americans buying land abroad lays the skyrocketing popularity of New Zealand. The purchase of New Zealand real estate by Americans is at an all time high. This increase in the popularity of New Zealand real estate is due to many factors.
As with many economic trends in the United States, much of the New Zealand real estate popularity has grown out of Californiaís Silicon Valley, home of the dot com, tech, and internet revolutions. Increasingly, those living in Silicon Valley are looking to international real estate and specifically New Zealand real estate for retirement, vacation, and even half year homes. From Silicon Valley, trends such as this only tend to grow out and across the nation.
So why do Americans look to New Zealand real estate, as opposed to many other international real estate opportunities worldwide? There are a number of reasons. For instance, New Zealand offers gorgeous scenery, great education systems, liberal political views, and more affordable than most international real estate. In addition, New Zealand real estate is something the country is actively marketing to Americans. The target is, specifically, Americans living in California and other liberal parts of the United States.
Buying New Zealand real estate also makes sense because of the vast number of jobs and careers available. Often times, international real estate offers vacation opportunity but very little chance at career. New Zealand is looking for workers in a number of areas. The high tech, biotech, health care, and many other industries offer Americans the opportunity to buy New Zealand real estate and stay there year round. New Zealand is marketing itself as a place for Americans to live and work year round, not just as a second home or summer getaway.
As an international real estate market, New Zealand is very affordable. The recent allure of New Zealand real estate has caused it to go up some in recent years, but it is in the process of leveling off. New Zealand real estate is still very affordable with non-coastal home prices starting around $200,000, which is an extremely modest price to pay for international real estate.
Some people who purchase New Zealand real estate also fall in love with New Zealand and consider moving there. There are some things to consider before you think about moving. The New Zealand government, while helpful, does require some work through their immigration department. Those wishing to move to New Zealand are assigned points based on their skills, age, and education. Also, applicants to the country must pass a physical. This is New Zealandís way of making sure that the influx in immigration is not a burden on this small countryís national healthcare system.
There are many reasons why, but New Zealand real estate has become popular for purchase by United States citizens. With an increasingly global economy and global information system, international real estate is something you may want to consider. When you do, think about New Zealand real estate.
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