Manya Rathore
Research expert covering India
Real estate industry in New Zealand - statistics & facts
Many New Zealanders have discarded the ‘Kiwi dream’ of homeownership. The country’s largely unaffordable dwelling stock, among the least affordable , limits the homeownership rate. Still, housing demand is expected to rise as and urban centers become more populated. New Zealand’s real estate industry is dynamic and diverse, extending beyond residential properties to commercial assets, lifestyle blocks, and rural farms. Recently, the commercial market has struggled with subdued sales and leasing volumes in the retail and office sectors, with industrial properties proving to be comparatively resilient.
