Ever since the devastation of the earthquakes that wreaked havoc on Christchurch over a decade ago, the city has been in the process of rebuilding. While work still continues, Christchurch is already firmly re-established,with new buildings and infrastructure being completed all the time. The city has also gained a new lease on life thanks to the rebuild inspiring an influx of people looking to call Christchurch ‘home’.
Part of what makes Christchurch so appealing is that it offers many work, life, and education opportunities as well as a great location on the South Island. The continuing rebuild also means that there remain various openings for investors to get in on the ground floor on different projects.
Since Christchurch boasts good schools and a thriving job market, the city has become especially attractive to first-time buyers who consist predominantly ofyoung families and professionals. And the many biking lanes and easy access to amenities make the city a desirable option for those individuals looking for the big city life without all the associated hustle and bustle.
When compared to property prices in some of New Zealand’s other cities, Christchurch’s real estate tends to be more affordable. This remains true even in the current cooling period, where Christchurch’s market has remained comparatively stable. According to Total Realty, a prominent Christchurch real estate agency, while the city’s market stability may not be ideal for new buyers looking for a cheap deal, it does mean that the city’s property market is generally more robust, which is a good thing for long-term returns.
The combination of new opportunities, general growth, continued property development, and comparative market stability has led to Christchurch being seen as a viable and desirable real estate investment option for both private owners and those looking to play the property market.
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Author : premiumowriting |
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