Property and Real Estate Resources

An island nation always has a special charm in the hearts of people who don’t have the luxury of living at such a paradisiacal place. New Zealand is one such country that oozes resplendence at every step. With nearest neighbour Australia, New Zealand is not a part of Australian continent. In fact, the country belongs to the largely submerged continent of Zealandia, which stretches from the north of New Caledonia to the south of New Zealand’s Sub-Antarctic islands. New Zealand is comprised of three main islands besides several other small islands that enrich the topography of the country with some breathtaking views and inspiring scenery.

New Zealand Highlights

New Zealand is blessed with some of the choicest nature’s bounties, with pristine golden beaches, snow-capped alpine mountains, crystal-clear river waters, glacier-fed lakes, and abundant adventure activities you can indulge in. This means the country is agog with tourists all the year round offering numerous opportunities to earn handsome rental income from apartments and other vacation properties alongside some of the most-visited spots in New Zealand.

The inviting kiwi weather is an added incentive to visit the country. The outdoors of the country is ideal to indulge in plenty of activities, like bungee jumping, scuba diving, zorbing, mountaineering, kayaking, surfing etc.

The natural attractions of the country are enough to lure holidaymakers, retirees, and expatriates who look for real estate investment opportunities in the country. In fact, in addition to the vacation property, second-homes are also extremely popular for the property investors due to New Zealand’s favourable living conditions, cost of living, and the rosy projections of the nation’s economy.

If you think that New Zealand is just about adventure sports, think again. For the country has a rich history and tradition of the native Maori people, as depicted through several museums and art galleries. New Zealand also has a rich treasure of flora and fauna wildly found in the National Parks and the Ocean.

The country is extremely well connected with the rest of the world through airways and seaways. The internal transport of the country depends on efficient air, road, rail, and sea routes for a variety of commuters.

New Zealand is every bit a modern country having plenty of education opportunities for lower and higher level of students. All the modern amenities, like nightclubs, discos, pubs, restaurants, cafes, theatres, cinemas etc. can be easily accessed through major kiwi cities.

The nation’s economy is also booming with Agriculture playing a major role in its upswing.

Overall, New Zealand offers one of the best places to invest in real estate. Moreover, the British investors would love the place inhabited by majority English-speaking friendly people.

Property Market in New Zealand

In recent times, New Zealand property prices have hit the roof with surging demand from the European investors, particularly the British real estate investors. This has resulted in a slowdown in the New Zealand property market. And this also means that property is now much more affordable for the budget investors. The growth is definitely on the wane and the prices are dropping, yet no one is discounting New Zealand’s property potential.

Though low, the prices are still on a higher plank. For instance, luxury apartments in the capital city, Wellington, are highly priced at £400K+, and over in Auckland, it’s even more. However, small accommodation is reasonably priced in major kiwi cities. For instance, you can make off-plan investment in apartments in Auckland for £60K+.

The Studio Apartments in cities, like Auckland, are a safe investment. They guarantee regular rental income through people who often flock the cities for better job prospects. And with the high expectations from the nation’s economy in the coming years, major pressure has to be borne by the housing industry to feed the demand for more accommodation.

The current period is favourable for any kind of property investment in New Zealand. An astute investor will exploit the prevailing lower prices of New Zealand property, and make a killing in times to come.

The kiwi legal system is identical with the British Common Law system. Resultantly, trading in property is largely hassle-free in New Zealand. Moreover, there is no stamp duty to pay on property purchased in New Zealand.

It seems that owning a property in New Zealand is cakewalk for those who possess the required finance. However, for those who have limited budget, there are lots of financial institutions in New Zealand that offer lower interest rates on mortgages in New Zealand.

The hottest locations for property investment on the North Island include Wellington, Tauranga, and Auckland. The South Island has Nelson, Queenstown, and Christchurch as jewels in the real estate crown.

The potential real estate investors in New Zealand would do well if they hire a specialist to deal with all the legalities and other formalities required for ownership of property in the country. After all, you don’t expect to be ripped off your hard-earned money just because of some negligence on your part.

A part of the Guangdong province as well as the Special Administrative Region of China – Hong Kong is one of the most vibrant and intriguing destinations in the world. Hong Kong is also among the world’ most busiest and fast-paced cities.

Hence, no wonder why real estate in Hong Kong is so much sought after. Real estate in Hong Kong is regarded as one of the costliest as well as the lucrative in the world. In other words, buildings and land in Hong Kong form a significant portion of the nation’s wealth and economy. Further, due to its attractive tax system, many international business firms and corporations find their way to Hong Kong for the establishment of their innovative projects. This in turn has led to great demand for high grade industrial and residential real estate in the city.

According to certain records, the cost of residential real estate in the city has gone up to US$ 585 per sq ft. The price is even higher in such posh areas as the Peak – the area between Victoria Peak and Mount Gough, covering spots such as Peak, Victoria Gap, Mount Kellet, Jardine’s Corner, Mount Gough, and Plantation Road.

Nowadays, great choices as well as potential are made available for those who are interested in real estate investment in Hong Kong. Additionally, real estate in Hong Kong provides great benefits to investors. The main advantage is that investing in a property in the city allows you to have access to world’s one of the established markets.

Another worth mentioning benefit of investing in a real estate here is that not any kind of restrictions have been imposed on international investors to buy a property or asset. Further, buying a real estate in Hong Kong is considered one of the best options for long term investment, as it can undoubtedly fetch you huge profits.

Above all, the laws and procedures involved in the process of real estate buying are liberal as well as simple. Once you have found an appropriate property, an Agreement of Sale and Purchase would be signed between the property owner and investor, and this completes the sale procedure.

Hong Kong’s property buying processes are administered by the Conveyancing and Ordinance, which is modeled in the form of English Law. In other words, the real estate law of this Special Administrative Region is quite similar to the one found in the UK, which in turn has attracted many American and British real estate investors.

One of the unique things regarding the Hong Kong Property Law is that all of the land found here belongs to government, ie, each of the real estate in Hong Kong is held under leasehold title. Hence, those who are interested in property investment buy an agreement or a lease for a period ranging from 50 to 999 years.

A real estate or property in Hong Kong can be either solely owned by one person or through jointly by several investors. However, joint investment may be usually in the form of tenant or a joint tenancy. Further, a property can also be owned through a company structure. But, in case, if a company would like to conduct its business through the purchase of a property on lease, then it should be registered with the Hong Kong Companies Registry. In addition, every type of lease should be listed at the Hong Kong’ Land Registry.

Nowadays, a large number of real estate firms and realtors are now there in order to help you find and buy your dream property in Hong Kong, no matter it is single detached home, villa, apartment, office, or industrial space. Many of them render the services of professional lawyers to help you in effectively carrying out buying procedures, such as agreement process, listing on the Hong Kong Land Registry or Hong Kong Companies Registry, tax matters, and negotiation of purchase.

In addition, there are also real estate firms providing steps to arrange mortgages for the purchase of property. But, prior to approaching a service provider, it is important to undertake an investigation with regard to their reputation and the quality of service rendered. Some firms may charge huge fee. Hence, it must be checked for. Apart from other sources such as yellow pages, magazines, and newspapers, the internet also serves as an excellent source to find the most competent service provider in Hong Kong.