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Industry analysts say that Asia-Pacific countries, led by China, Japan and Malaysia, are vying for real estate in Kiwi Country, particularly in Auckland.
Recent statistics show that commercial and retail investment returns in the area were typically higher than major cities in the US, Europe, Asia, and Australia.
Hong Kong central business district office yields are at 2.6%, while Auckland is at 7.7%. In the case of retail returns, on the other hand, London’s High Street is at 2.75%, while Auckland records 6.25%.
There’s no question as to why foreign investors are keeping their eyes fixed on Auckland suburbs like North Shore. Its pristine beaches, clean air and eco-friendly reputation are major selling points for people entering the real estate market, according to analysts. Further, New Zealand’s property investment laws, which do not include a stamp duty or capital gains tax, lure investors in more convincingly than other hotspots do.
The promised returns of New Zealand property investment depend not only on location, though. With so many investors—both local and foreign—jumping in, competition becomes more cutthroat. Working with industry experts then is crucial.
When it comes to growing an investment portfolio, whether residential or commercial, experts from Prestige Real Estate International LTD are the people to trust. Real estate agents help identify the investments that offer the best returns, market the property, and foresee business opportunities and challenges. Work with real estate agents to make your North Shore property investment a success.
More about Prestige Real Estate International LTD
A team of the most trusted real estate agents in North Shore, Prestige Real Estate International LTD guides you every step of the investment endeavour, helping you make informed decisions. The team ensures that your property is always in prime position. They use effective and modern marketing solutions, from photo publicity materials to online tactics, like copywriting.
The company has an extensive buyer database, ensuring you always have a pool of prospective customers when you work with these real estate agents. Moreover, you can count on expert property management solutions. The team understands that managing properties are a challenge, especially when finances and maintenance responsibilities pile up.
It is for this reason that the real estate agents tailor property management services to suit unique needs. Part of these solutions involves evaluating and marketing properties, screening tenants, preparing legal documents, and handling maintenance and repair jobs.
For more information about the company, visit http://www.prestigerealty.co.nz/.