When factoring in the need to buying a real estate properly, the buyers typically look for certain variables to make their determinations. These include political stability, crime rate, pollution levels, access to technology, other people living in the area and the feasibility of buying a property. There should be integrated reasoning for the people to choose to buy in the particular state. Each variable needs to be probed in detail in order to understand the reasoning of the investment choice. Each factor has been explained in greater detail in the following.
From the perspective of political environment, there are many new foreign investments that are encouraged by the government. There has been a surge in the foreign tourists into the state and this has brought on newer investments. The government is a democratic stable government that makes the place ideal to welcoming foreigners into the states. Compared to other foreign government, the New Zealand government laws are more flexible. They are willing to bring in foreign investment into the state. The country also adopts fair trading laws. These give the perception that the government will be fair and transparency will be maintained in this process. Due to this factor, in general, the people are motivated to have business undertaking or financial interest in the state.
From this, the educational perspective is important variables that add to the political stability of the region. These have been explained in the following section.
New Zealand is an urban country and it has 72% of the population living in the urban centres of the city (Pow, 2016). The county’s population is located and focused on the urban centres. It is viewed to be a young nation of the developed nation. 20% of the country has young people below the age of 24 years. This population is more education and adapting to the newer cultures. The surge of educated foreigners choosing adds to the existing paradigm of education (Aizenman, Jinjarak and Zheng, 2015).
The nation invests in a number of infrastructure developments and promotion of education. This makes it ideal for foreign investors. There are a number of green energy efforts taken in the nation as a result of this education. This makes New Zealand an educated cosmopolitan city. The important decisive factor is the safety associated with the area. This is explained in the following.