Property plays a large part in NZ economy

 

A new report released by research analysts Urban Economics has revealed that property is the single biggest industry in New Zealand.

Urban Economics prepared the report (titled The 2016 Economic Significance of the Property Industry to the New Zealand Economy) especially for Property Council New Zealand, and based its findings on analysis of the property industry’s size, value, employment numbers and economic contribution.

https://www.buyassociation.co.uk/2017/03/08/chinese-buyers-invest-new-zealand/

According to the report, the New Zealand property industry is the largest industry in the country with a direct contribution of NZ$29.8 billion to the economy, which equates to 13% of total GDP.

In addition, the property industry grew by NZ$11.7 billion during the 2007-2016 period, which accounted for 16% of the growth of the GDP for that period – more than double the growth of any other industry.

https://www.buyassociation.co.uk/2017/04/26/ubs-forecasts-end-australian-bubble/

“The report confirms what we as an industry have always known, property is the backbone of New Zealand,” commented Connal Townsend, chief executive of Property Council.

“It is the infrastructure of business and the homes that shelter us all. The property industry impacts all our lives from the buildings we live, work and play in, to the buildings that allow us to teach our children and care for our elderly. Therefore, Property Council will continue to advocate and champion for quality urban growth and a vibrant property sector to drive economic and social prosperity because it benefits all New Zealanders.”

Urban Economics also reported that the wider economic impact of the New Zealand property industry is considerable, with a total contribution of NZ$83.4 billion to the country’s economy – meaning that property’s contribution to GDP is higher than manufacturing, agriculture, and health.

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

Property plays a large part in NZ economy

Property plays a large part in NZ economy

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.