Queenstown, New Zealand's number one tourism destination, has produced a property market that is outplacing some of the most exciting emerging property markets in the world.
The demand for property and the price increases being experienced in Queenstown New Zealand currently are outpacing many established and emerging property markets worldwide.
Queenstown, a town for all seasons, is the main town in the most popular Southern Lakes region of New Zealand. The town, which was already a top holiday hotspot has benefited massively thanks to the promotion it received as a result of Peter Jackson filming much of the Lord of the Rings trilogy on location in and around Queenstown.
Already hugely popular with city dwelling New Zealanders hunting for a holiday home in the most idyllic location in the entire country, Queenstown now has the country’s most successful micro property market; and the rate at which property prices are increasing in Queenstown means that it is now outpacing many of the world’s established and emerging property markets.
A close study of Queenstown’s recent real estate statistics reveals that in December 2005 the value of property sold was more than 50% higher than the previous December and the volume of sales was over 40% higher; furthermore the greater Queenstown region is now the most expensive district for property in the entire country.
Because of the location’s inimitable natural beauty and the wealth of sporting and outdoor activities it offers visitors year round, Queenstown has become New Zealand’s most popular tourism hotspot. The filming of the Lord of the Rings trilogy helped put this already popular location on the world’s map, and now a thirty million dollar upgrade to Queenstown’s airport is making the location internationally more accessible.
The completion of the first stage of the huge infrastructure upgrade was celebrated last week, and already the predicted numbers of tourists to Queenstown for 2006 far outstrips the 2005 figures.
Those who travel to Queenstown are falling in love with the location more and more, and now a number of local and international award winning real estate developers and architects are focusing on Queenstown for their next property development projects.
One such project that has received massive media attention and property investor interest is Commonage Close. The development is set in an elevated position above the town and each property has incredible 180 degree views of Queenstown, the lakes and mountains of the region.
The finest local materials are being used in the construction of the properties to ensure they are built in sympathy with the surrounding natural environment, and each house has been designed with chic and sophisticated living in mind. This means the architect has successfully created a home for the modern lifestyle whilst embracing the natural perfection of the setting in a unique and enviable way.
The Commonage Close development is an entire village community, it’s attracting strong interest both from property investors well aware of the desirability of the properties from a holiday let perspective, and those who wish to own some of the most exciting real estate in one of the world’s most dynamic and desirable property markets.
