[jubjub]

Apparently us lot are a lucrative market...

http://www.tvnz.co.nz/view/page/411365/627210

[Timbo]

No real surprise there then. When we booked our flights recently, the kiwi girl who we spoke to at the Flight center here, mentioned that her Mum was manager of Bayleys busiest office in Auckland. I replied, tongue firmly in cheek, that "Mum must be a rich lady". "Yes, I guess she is" was the response.
Mind you, with the kind of % cut realestate agents in NZ take, that is no surprise either.

[StevieD]

JubJub, could it be that we are going over with "pots" of money, raked in from our over inflated housing market, (not that I am complaining in my case coz I will be debt free for the first time in a looooong time, although will not have much once all the bills have been paid off! Hypocrisy?) and wading in to the house market, creating an upward trend down there as well??
Where do these people get their figures from on the amount of money people have to spend? My goodness. there must be an awful lot of cash floating around out there to say that the majority have £350k+ to spend. What of the missing 10%? I guess I must come into that catergory, the sub £350k bracket, in my case very, VERY much below it.
I read the Bayleys glossy given out at the recent EXPO. What has happened to the prices in NZ? Astronomical prices on offer to say the least, frightening. Is this a case of the realtors "talking up" the market for their own ends?
I can't even imagine what will happen to us. We are not going with much money, and we do not expect to be mortgage free, far from it. We will have enough for a reasonably decent deposit and a car, a bit put aside for emergencies and a rainy day.
I do not intend lining the hawks pockets too much, after all, I haven't got that much to play with anyway. I want to pay my way when I arrive, wouldn't have it any other way, always fancied real estate, now where is that application form for Bayleys......

[Timbo]

Stevie. Keep in mind that Bayleys operate at the upper end of the market. There are still a lot of much more affordable places to be had.
Like you, we are not taking anything like the figures quoted in that article, unless we win the lottery this week.

[jubjub]

Have to say it made me chuckle when it was on the news last night. while some of us may come over with that kind of money, there are just as many of us that dont! But also bear in mind, this is a London office's figures, and as such may well be catering for a larger proportion of London property vendors who will have this kind of cash from selling a goldfish bowl.

We have been keeping an eye on prices round by us, and they dont seem to have increased dramatically in the last 6 months since we bought, similar house, similar street, is on the market for about $5-10 more than ours was. some are even still sitting on the market that we viewed, others are dropping their price week by week. Just our observations in a local market.

[Smiler]

I heard on the radio yesterday that there is a Brit setting up an estate agengy in Old London Town, just to cater for Brits who want to buy here.

Can't see that it would do any more than empty someone's pockets and fill an estate agents ones. :confused:

Deborah

[Timbo]

I wonder if they are going to do what the Europe based agents do. That is, FREE inspection trips.

[StevieD]

Thanks for the news JubJub re-local house prices. And yes, I did get that impression of Bayleys Timbo!

For those on the house selling front in UK, just heard a news report that the house market is on the move again, prices have risen in Londinium (no surprise there) with trends increasing across most of the country. Sales are up 8% and enquiries are rising. Only Yorkshire and the Midlands are prices still dropping / stagnant.

Steve