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Simeon Mitropolitski

Simeon Mitropolitski is a Canadian analyst, of Bulgarian origin, and a former syndicated columnist with the Bulgarian News Agency (BTA). He is the author of several hundred articles dealing with hot political and economic topics, both national and international.

He was part of the first group of Bulgarian intellectuals and students that began the opposition movement that finally put an end to the communist regime in this country in 1989, and in 1996-1997 participated in international observation teams during the elections in several Balkan countries - Romania, Albania and Bulgaria.

In 2002 Simeon and his family moved from Bulgaria to Canada where they live now in Montreal, province of Quebec. Simeon is a Master of Political Science from McGill University and a B.A. of Political Science and History.

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1 April 2006

New Zealand: Market plateau with promises

© 2006, IRED.Com, Inc., Simeon Mitropolitski

After a period of about four months when the real estate prices and the demand looked stagnant, the increase in international migration gives brighter promises for positive development. The country may not be as attractive in relative terms as it was some years ago due to its really cheap market, but even now migrants from Britain and California may feel the difference. The impression is that different social groups find it equally appealing to move in and out the country at the same time. This article will try to draw the average profiles of the members of each group.

Arguments to move in

The economy is growing and it still creates new jobs. There are and there will be more shortages of workers in many fields; therefore migrating to New Zealand, especially for people with little or no English knowledge may be a good long-term investment. For persons coming from rich countries New Zealand offers quiet life in short distance from the largest urban areas with a climate similar to that in Britain. This is a more peaceful society in terms of criminality and general feeling of security. The real estate market is still lagging behind the highest levels reached in countries with similar or slightly higher real wages giving promises for more appreciations. People with low paid positions may find the life in New Zealand more awarding than in Britain and California.

Arguments to move out

For those who are born there or have just arrived other factors may make them think twice about moving out of the country, e.g. to Australia, or moving back, e.g. to Britain. The reason for moving to Australia is that its economy looks even better compared to New Zealand and offers higher wages. Moving to Australia doesn't even look like permanent emigration for many Kiwis, rather like temporary relocation in search for better jobs. The real estate prices in New Zealand may still be lower than Britain or California, but so are the wages. People coming from Britain and the United States are unpleasantly surprised by the local tradition to ask for extra hours of work without compensation. This practice exists anywhere in the world for sure, but it seems that New Zealand scores high above the average on this issue. The taxes are also an issue for those who have come after comparing only the wages and the costs.

Residential prices in New Zealand:

  • Feb 2006 - 295,000 (insignificant changes since November 2005)
  • May 2005 - 272,000
  • May 2004 - 248,000
  • May 2003 - 210,000
  • May 2002 - 188,000
  • May 2001 - 170,000
  • May 2000 - 172,000
  • May 1999 - 167,000
  • May 1998 - 164,000
Source: Real Estate Institute of New Zealand. Prices are in NZ dollars ($1US = $1.43 NZD in 2005)


Country profile:
  • Area: 268,680 sq km
  • Population: 4 million (July 2005 est.)
  • Population growth rate: 1.02% (2005 est.)
  • Net migration rate: 3.83 migrant(s)/1,000 population (2005 est.)
  • Total fertility rate: 1.79 children born/woman (2005 est.)
  • GDP per capita: purchasing power parity $24,100 (2005 est.)
  • Main trading partners: Australia, US, Japan, China, EU countries.
  • Internet users: 3.2 million (September 2005)
(Sources: CIA World Factbook 2006, Reuters)

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See also the directory of companies providing real estate services in, and general real estate information of New Zealand.

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