The Unconditional Blog

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Returning kiwis are eagerly looking for somewhere to rent

Posted on: October 6th, 2008 | Filed in Renting

The article in today’s NZ Herald highlights an increase in enquiry from London based kiwis seeking employment opportunities in NZ as the credit crisis wreaks its toll on the Finance and Banking sector in the UK.

One of the major recruitment firms Michael Page International which focuses on recruitment in banking, finance, accounting, marketing and sales, said that their office had been receiving an increasing number of calls and applications from Kiwis overseas. Equally Debbie Graham of Debbie Graham and Associates, which specialises in accounting, banking and financial services, said she’d had a steady stream of inquiries from the United Kingdom over the past couple of months.

It will come as no surprise then to note that the level of traffic to rental listings on realestate.co.nz by UK based visitors over the past 3 months has grown by over 34% as compared to the same period last year. On average over 1,000 people a week are logging on to check out the availability of rental property across the country. By comparison domestic visitor levels to rental listings have hardly changed.

Across the Irish sea whilst smaller in number the level of enquiry there for rental property in NZ has more than doubled as compared to a year ago.

All of this may be good news for landlords for whilst enquiry may be increasing the inventory of listings of rental property has grown by over 80% over the same period as cited in this earlier blog post to the current levels of 5,700 listings.

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