New Property Developments in Wellington
TheMoveChannel.com, the leading international property portal, announces a number of Wellington property developments.
[UKPRwire, Thu Sep 25 2008] TheMoveChannel.com, the leading international property portal, announces a number of Wellington property developments:
- 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)
Properties in New Zealand may not be an investment opportunity UK investors have considered in the past, so TheMoveChannel.com provides an overview of Wellington and its culture.
Wellington is New Zealand’s second largest urban area and the most populous national capital in Oceania. It’s 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).
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.
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.”
For more information on New Zealand Property in general please visit http://new-zealand.themovechannel.com/
- ENDS –
Notes to editors:
TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.
For further information as well as images and interview possibilities, please contact:
0207 952 7650