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Yep the Rugby World Cup did very little for the New Zealand in the same regard. Tourism is up slightly after the event which was nice, but the long term benefits are minimal.

Certainly interest rates are at their lowest for almost 50 years. These low interest rates are bringing some affordability back to potential purchasers. Then there is the Christchurch rebuild - hold onto your hats.

This poll was started 3 years ago..... so it interesting to see what people thought would happen to house prices in the UK in 2009.

It been a while since I posted here and have found this comment above. Obviously things have moved on since October last year. The figure required to rebuild Christchurch is now between 25 - 30 billion dollars. Let the good times begin.

If you want to buy at the bottom of the market then New Zealand is a good place to buy. The problem is for those capital growth lovers, who knows how long it is going to take for the market to gain some real traction.

Earth calling.....? Personal attacks will not change the fact the UK is in it up to their necks, possibly why according to your flags you live overseas. Try this - it was only published an hour ago. Hopes for Europe real estate recovery wane -survey | Reuters

February 2011 is here and it's just all bad news for houseing in the UK. I cannot see a recovery in the housing market until the end of 2012/13. Let's hope the Olympics can bring the feel good factor to the economy.

With between 4 - 6 Billion dollars being spent on housing in Christchurch New Zealand after the recent earthquake, there must be some fantasic opportunities available?

Sorry yes I see what you mean... what I meant to say is I think house prices in the UK are set to fall further. :(

With no real direction to point to for the UK's (and Europe's) recovery I cannot see the housing market recovering any time soon. I fear there is more pain to come yet.

Hi MT, Welcome to PCC. I am new to this forum as well but have found there is a heap of good information here relating to property investment.

Are you investing from offshore or living in the country you are investing in? For me safety and freedom are important and in places not being a local is easily realised. If it's offshore investing - nock your socks off - just be aware of local property ownership rules. :)

Hi H, Fancy meeting you here! I did notice the date on the first post....and wow $3.01 to the pound. You don't get that anymore!! Good to see you active we should catch up for coffee some time. :) Cheers S

Using an agent also offers you as the landlord better potection should things turn nasty, equally it is better for the tenants as a resonable standard is required from the rental property and it's the agents responsablity to keep you honest. ;)

Prices will come down as demand for property lessens due to its high price. No matter what happens it is the market that sets property prices.