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New Zealand property prices on the up

13 August 2009 07:54

New Zealand property prices on the up

The price of property in New Zealand is set to increase by as much as 11 per cent by the summer of next year, it has been claimed.

According to a new report from mortgage insurer QBE LMI, the average value of a property in the country could also rise by almost a quarter (24 per cent) over the next three years.

Currently, the average price of a home in New Zealand is £140,000.

Investing in a property abroad could be a good move for Brits who like to visit the same holiday destinations regularly - and with a group travel insurance policy, they could enjoy having the whole family to visit.

Following the findings, Dan Johnson, director at, said that those looking to invest in overseas property may find it wise to indentify countries which are set to "emerge from the global downturn more quickly than others".