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Chinese keen on houses in Canterbury
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CHINESE investors and migrants are increasingly buying up homes in New Zealand’s South Island region of Canterbury, where the economy is booming as it rebuilds from the earthquakes of 2010 and 2011, a real estate firm said yesterday.
Bayleys Canterbury said it had identified a growing trend in sales data, and the company itself had been involved in the sale of 24 homes and “a large number” of land sections to Chinese buyers over the past six months.
The company had taken a portfolio of properties to the Luxury Property Showcase exhibition in Shanghai in December, where many inquiries focused on the education opportunities in the regional seat of Christchurch, Bayleys Canterbury’s General Manager Pete Whalan said.
“Many of those expo attendees we spoke to in Shanghai were aware of the economic boom currently being experienced in the wider Canterbury region as part of the earthquake rebuilding, and they are keen to be part of that from an investment perspective given the strong demand for rental accommodation,” he said.
Canterbury was shaken by a magnitude-7.1 quake on September 4, 2010, and a magnitude-6.3 quake that killed 185 people in Christchurch in February 2011.
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