Farms promptly rise in price in New Zealand
26 May 2008While the market of city real estate of New Zealand experiences crisis, the prices for farms are promptly growing.
New Zealand Institute of the real estate has informed on the record average price appointed for farms, - more than $1,8 million for the farm. It more than on 50 % exceeds the cost of the given objects of the real estate for the similar period of the last year.
Experts prove that farms are a “safe harbor” for investors in days of economy deterioration and uneasy situation in the city real estate market.
In turn, New Zealand rural communities hasten to gain from the developed situation.
