WATCH FOR IMMIGRANT PRESSURE
Posted on April 18, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
We’ve said it before …every time there’s political drama, disaster and economic trauma anywhere in the world, New Zealand immigration enquiry sets new records. We don’t doubt that this will occur in the nest few months as the effects of Japan’s disaster and the Middle East trauma continues to have effect on worldwide confidence.
So why do I mention this? Incoming residents tend to purchase larger, better presented and newer homes….and with little new home construction that means pressure on existing stocks.
Filed under: REAL ESTATE | Tagged: Real Estate