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As China circles, NZ real estate taken on overseas roadshow


NZ's safe food chain supply, pending investment by the Chinese government in this country, and an overheated Australian property market help fuel demand.

NZPA
Thu, 16 Jun 2011

Real estate company Bayleys is putting together a portfolio of properties for a roadshow to South East Asia, Europe and Britain to take advantage of perceived growing demand by overseas investors in New Zealand real estate.

A portfolio of commercial premises, businesses, homes, and primary production land was being compiled in response to requests from vendors to market properties offshore, Bayleys said today.

Key factors behind a rise in demand for New Zealand real estate were this country's safe food chain supply, pending investment by the Chinese government in this country, and an overheated Australian property market.

At the same time, New Zealanders were becoming increasingly open to the potential sale of domestic assets and land on the international market, Bayleys said.

The portfolio already included tourism and hospitality ventures in Taranaki, the West Coast, and Central Otago, a farm in North Canterbury, two vineyards in Marlborough, a retirement village south of Auckland, and homes in Auckland, Queenstown, Taranaki and Northland. So far 26 properties had been confirmed.

Bayleys principal David Bayley said events of the past three months -- including concerns about food safety after damage to nuclear reactors in Japan and an outbreak of deadly e-coli virus in Europe -- had created a new set of dynamics and opportunities.

The Government's internationalist policy of seeking investment in the economy would help the marketing drive, Mr Bayley said.

NZPA
Thu, 16 Jun 2011
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As China circles, NZ real estate taken on overseas roadshow
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