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New Zealand Beach Front Property Offers Global Currency Rate Bargains
Date:4/8/2009

Although the median price of the average New Zealand home has remained relatively stable since January, 2009 (1 April, 09 Bloomberg Report); the price decrease of 8% over the last year, and the NZ dollar decline of between 16 and 28 percent against the Euro and US currencies respectively during the same period, now provides international buyers real bargains for luxury property in the South Island.

Christchurch, New Zealand (PRWEB) April 8, 2009 -- For international luxury home buyers from the USA and Europe, the availability of stunning panoramic sea and mountain views of South Island New Zealand have never been more affordable. For example, the foreign currency price of a 2 million NZ dollar South Island luxury property has decreased over the last year from 1.6 to 1.16 million US Dollars; and from 1.02 million to 860,000 Euros.

"This is the perfect storm where the international luxury home market forces are converging simultaneously over New Zealand to not only provide the best currency price opportunity for some international buyers in the short term; but also creates more demand to contribute to the restoration of the New Zealand market domestically and internationally", says Rosemary Schulte of New Zealand's Ray White Real Estate. Rosemary's latest listing up for Auction on 30 April, 2009 is a luxury beach front property on Christchurch's famous Pegasus Bay in the local village of Sumner. "This elegant home is the ultimate beach front lifestyle destination with views of the Christchurch hills, the Pacific Ocean and the famous Southern Alps&
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Source: PRWeb
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