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'Invest in capital cities', buyers told

20 July 2009 20:59

'Invest in capital cities', buyers told

Property investors looking to make the most out of their travel insurance policy and make frequent trips to a holiday home could find it wise to invest in a capital city, it has been said.

Marc Da-Silva, editor at, said that capital cities are often the places with the biggest shortage of available housing - which could mean that they are also the areas where the "greatest demand" is likely to be seen.

"Any nationwide capital growth is always going to stem from the capital in a ripple effect," Mr Da-Silva commented.

Recent figures from Quotable Value Limited show that property prices in New Zealand have risen by 0.4 per cent in the second quarter of this year.

And New Zealand may be an ideal place for Brits to buy a second home, as it recently came top of a quality of life survey from NatWest International Personal Banking.