What do I need to know when buying property in New Zealand?

When we asked expats what advice they would give a foreigner before buying a property in New Zealand, they said...

"When buying property in New Zealand, it is important to research the local market and understand the current trends. It is also important to get a professional property valuation to ensure you are paying a fair price. You should also consider the location of the property and the potential for capital growth. It is also important to understand the legal process of buying property in New Zealand, including the steps involved in the purchase and the associated costs. It is also important to understand the different types of property available, such as residential, commercial, and industrial. Finally, it is important to understand the tax implications of buying property in New Zealand, including any potential capital gains tax," said another in New Zealand.

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What do I need to know when buying property in New Zealand?

If you live in New Zealand, newcomers to New Zealand would love to hear your answer to this question: