The road in construction is never straight; there are always bumps. Take for example the Auckland housing market – one step forward seemed to bring two steps back… and media scrutiny! However this year wasn’t all bad in the New Zealand property market. Quite the opposite actually!
The volume of commercial property sales in New Zealand reached a record high in October. This was driven by greater levels of foreign investment according to JLL, a commercial real estate company.
Nick Hargreaves, managing director of JLL told NZ herald,
“In the year to date, investors have acquired more than $2.8 billion worth of New Zealand’s industrial, retail, and office properties compared with $2.1 billion in the previous year… This makes it the largest volume of commercial property stock ever transacted within the same period of any year.”
If you’re part of the multitudes who purchased a commercial property this year, make sure you get your business protected. Invest in high quality commercial security systems to protect your new business.
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