Commercial Properties in New Zealand

In spite of the slowdown the New Zealand property market is presently experiencing in terms of pricing and sales, buyers can still remain optimistic about the country’’s long term prospects. The tourism industry still remains strong and a growth rate of about 4% is expected per year up until 2017. Factors like the continuing demand for tenants combined with increasing rent prices and low vacancy rates encourage New Zealand’’s commercial property investors to look forward to good returns.

Manufacturing properties comprise the heavy industrial segment

Industrial Properties

Traditionally, New Zealand’’s main industries have focused on the mining of minerals like iron and the manufacturing of food products. It is also known for its production of carpets made with high quality wool. New Zealand also controls 50% of all international trade in sheep meat. One of the country’’s emerging new industries is in the field of multimedia. Several companies are establishing themselves as world-class telecommunications firms and electronics suppliers, and information technology is one of the nation’’s fast rising export sectors.

Office and Retail Properties

Office/ Retail Properties

Investors are encouraged to set up offices in New Zealand. Thanks to the country’’s sophisticated telecommunications infrastructure, international investors can remain constantly connected with all their offices and clients around the world. New Zealand’’s information and communications technology sector is also recognized for developing successful applications for specialist markets. Setting up a business in the country is also one of the simplest and easiest in the world, taking only three days for all necessary paperwork to be done. This, along with competitive labour costs, makes New Zealand a very attractive location for businesses.

Leisure Properties

Leisure Properties

Tourism is one of New Zealand’’s most lucrative industries. An estimated two million tourists visit the country every year. Taking advantage of their country’’s natural beauty, New Zealand is being marketed as a choice destination for those who are looking for vacations or holidays that focus on outdoor adventures. Hotels and resorts do brisk business because of this, but they are not the only ones reaping the benefits of tourist spending. Even local New Zealanders take advantage of this by renting out their homes during winter months.