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Source: ONE News -
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Property market figures out on Monday are expected to show little sign of recovery, but overseas buyers are showing increasing interest in owning a home in New Zealand.
Figures released to ONE News show positive trends both for people looking to buy in New Zealand and making the move as well.
Net migration figures have risen for two months, driven by those Kiwis returning home with a pocketful of pounds.
Recently returned investor Tony Scott has been living in Britain for nine years.
"[I've] been back three months, enjoying the summer. Now I'm looking for a few investment properties."
Prospective homebuyers say the exchange rate is working in their favour at the moment.
Brendon Skipper of Trade Me says the website's property section has recorded a spike in offshore interest.
"January, year on year, we've seen a 17% increase in international traffic to the site and it is still growing."
Lower house values and interest rates are proving attractive to newcomers with strong currencies, however a sale is a different matter.
Quotable Value's latest statistics will show a market where the volumes are still low and values across the board are still falling - all of which means a lot less pressure on buyers, who are taking their time.
However, potential buyers might want to keep an eye on airport arrivals, in case the competition for a dream home surges from ex-pats and new New Zealanders.
