Luxury Outlook 2022
An ambitious exploration into high-end residential markets across the globe.
We recently explored why a luxury rental in the Balearics might be your next real estate investment; now let’s take a closer look at a country with a thriving luxury rental market and hear directly from our local area experts there.
The island country in the southwestern Pacific Ocean famous for its remoteness and beauty ranks highly globally for quality of life, economics, and education to name a few. Learn below why the popular shooting destination for Hollywood has become a global vacation destination.
Sotheby’s International Realty (SIR): What sets rental properties in your country apart from the rest of the world?
Sam Skipper, Luxury Rental Homes Manager, New Zealand Sotheby’s International Realty (SS): New Zealand has the enviable reputation of being a desirable location to visit all year round. It is a welcoming diverse country with a relaxed pace of life. With a quality of life that is envied around the world and a stable business environment full of opportunity, New Zealand is the ideal destination for investors and entrepreneurs seeking new horizons.
SIR: What are the benefits of owning a rental property in your country?
SS: Owners of rental properties in New Zealand have the luxury of holidaying here when they can but can just as easily open the reservations calendar when they are not to paying guests. As a luxury rental home business, we can offer the homeowner the opportunity to experience a return on their investment with peace of mind that their property is being well taken care of and the rental income can help to offset outgoings.
SIR: What trends are you seeing in your rental market?
SS: In the current climate as our borders are closed, we have seen a noticeable rise in domestic bookings. Many local families and groups of friends who may have travelled overseas to holiday are enjoying the opportunity to experience their own back yard. Our owners have been happy to provide an incentive to book their homes in way of a Stay Pay promotion which has encouraged more bookings.
We have also had many enquiries from overseas travelers looking to stay in Queenstown for a longer stay. Unfortunately, with our borders closed at present, this is not viable but, in the future, we are confident that when international tourists can visit again, we will see a rise in longer stays. Queenstown is one of New Zealand’s most exciting destinations. Surrounded by towering mountains, positioned on the edge of a lake it is a destination like no other with so many attractions in a village like setting in the South Island of New Zealand. Complemented with many luxurious homes that we offer to stay in it is no wonder that Queenstown is such a popular four season holiday destination.
SIR: How does the rental market drive business for your company?
SS: Our Luxury Rental Home business is in constant communication with the homeowners.
As a result, we have developed strong relationships, therefore when an owner considers selling their property there is already a trusting supportive relationship there that a referred sales broker can build on.