I read come from The Gulf News has reported that a major capital injection by the managers of global real estate fund, could actually serve as a major boost to Dubai’s property market, which is heading towards correction.
"With the UK and the US housing markets continuing their downward trend, the global real estate fund managers will continue to deposit cash into the UAE property market, and we hope that it will be success.
An investment in property in New Zealand and in particular it’s capital Wellington, may not be an investment opportunity UK investors have considered in the past but given that Wellington is is New Zealand’s second largest urban area there is plenty of room for opportunity.
As the most populous national capital in Oceania, Wellington is also the country’s political centre, housing Parliament and the head offices of all government ministries and departments. Wellington has been described as a heaven on earth, boasting numerous grand parks and gardens including rose gardens, begonia houses, memorial parks, observatories and playgrounds.
New Zealand is proving an attractive emerging market for some British buyers, not least because of the tax regime: there is no stamp duty, land tax, property purchase tax or capital gains tax. The total value of houses sold was NZ$2.11 billion (£7.9 million) in March 2008, down 53.42% down on the transactions recorded in the effervescent market of two years earlier (NZ$4.53 billion - £1.7 billion).
Dan Johnson, Managing Director, comments:
“With property price increases that have baffled the experts, a strong national economy and political system and some of Mother Nature’s finest, Wellington has too much going for it to be overlooked.”
Wellington property can return really excellent yields, according to Global Property Guide research. Luxury three-bedroom apartments yield around 7.5%, while studios are around 10%. Wellington houses can also produce very good rental returns, at 10.2% for the larger property.
New Wellington property developments launched on the market:
- Patent (from £261,770+, 2 bed+, $50,000 off the sale price, completed 2009)
- Forte (from £137,000+, 2 bed+, completed 2010, one year rent guarantee)
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