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Monday 14th June 2010

Business Confidence Up:

According to a survey undertaken by Hays New Zealand a third of employers expect to increase their staff numbers and to increase salary levels between 3 and 6 per cent.

Employers are also expecting the market to improve further over the course of the year leading to more job vacancies.

Friday 27th November 2009

NZ Property Prices on the Rise:

For the first time in more than a year New Zealand property is increasing in value. Dunedin leads the main centres with 4.3% growth while Auckland and Wellington are showing 2.5% and 1.6% respectively.

A shortage of properties being listed for sale in the urban areas, means that many properties are selling quickly, and the scarcity of supply is driving prices.


Employment Market and Work Permits:

Over the last few months I have been reading a lot of forums which suggest finding employment and obtaining work permits in New Zealand is impossible. Nothing could be further from the truth.

The majority of our clients have been able to find suitable employment during the last 18 months and the worst recession in 50 years. There is no doubt the process is taking longer than it used to and for many is extremely nerve racking.

Work permits are still being granted and, contrary to the wisdom of the forums, properly presented applications have an extremely high chance of success.


Friday 2nd October 2009

New Zealand Exits Recession

ASB analysts are forecasting a 0.1% growth in the economy for the second quarter of this financial year when official figures are released later this month. This is more optimistic than the 0.2% previously expected.

Much of the returning momentum is coming from confidence returning to households and impacting more on the housing market than retail spending.

Until growth returns to New Zealand’s export market the economic recovery is expected to be tentative. That said, New Zealand is recovering ahead of the UK, USA and many other first world countries.

Tuesday 18th August 2009

New Zealand housing and retail on the up!

The second quarter of this financial year saw a few “green shoot” begin to appear in the New Zealand economy. Retail spending showed a 0.4% increase and house prices rose 5% coupled with a reduced selling time.

NZ has fared better than many of its trading partners over the last few months, this, with high domestic lead demand for the New Zealand Dollar is largely responsible for the currency’s strength.

Net migration is up, and the general feeling in the market place is pretty positive though no one expects to see growth until the first quarter next year.
On a lighter note, New Zealand has been voted the most peaceful nation on Earth!

The UK came 35 and South Africa came out just ahead of Iraq.

Friday 31st July 2009

Investor Category changes open the way for investors to move to New Zealand

If you are 65 or younger with three years business experience and $2.5 million in assets you could now qualify to emigrate to New Zealand. The change in policy has been specifically introduced to encourage overseas business migrants and investors to consider New Zealand. The skills and financial investment this group of migrants bring is essential to the continued success of New Zealand and valued as part of its overall economic growth plans.

International investors are both welcome and encouraged!


Thursday 30th July 2009

Highest migration levels in 7 years!

New reports show NZ migration is the highest it has been in years, this means more people, more expertise and more investment into the New Zealand economy. The increase in migration has been touted as partly responsible for the stabilising housing market as well as the increase in the value of the dollar. Allan Bollard (head of Reserve Bank) said the economy should resume growth in the fourth quarter of this year.


Friday 26th June 2009

OECD announces growth will resume this year.

The OECD has said it expects growth to resume in New Zealand this year. A number of New Zealand’s trading partners in South East Asia are already experiencing a recovery and it is thought this along with proactive economic policy, the increase in net migration figures and the strengthening of the housing market indicate a return to growth is on the cards.


Saturday 27th June 2009

New Zealand is best for expats.

A recent article in the Telegraph said Britons who emigrate to New Zealand are the happiest, enjoying the combination of low property prices, a favourable taxation system, a healthy lifestyle and the natural environment made it the best place to live.

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Angelina Flego
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