Structural Differences Between the Residential Housing Market in New Zealand and Germany
||Structural Differences Between the Residential Housing Market in New Zealand and Germany
||16th Annual European Real Estate Society Conference in Stockholm, Sweden
||The following abstract outlines the basic structural differences between the residential market in Germany and New Zealand. The objective is, to highlight and analyse the residential housing markets in two very different countries. In the analysis structural similarities and differences within the market system are identified and significant differences are outlined. Data on house and apartment prices in New Zealand and Germany are compared as well as the motivation of the population for property purchase or the entrance into tenancy agreement will be investigated. In addition the actors in the property marketing and their methodical approach in both countries will be presented and similarities and differences are worked out. In the nature of the work of the players similarities as well as major differences are visible. In both countries sole agencies are operating on the market as well as opertions through exclusive contracts. The paper analyses the proportion of these different marketing strategies. The analysis examines whether a commission for the sale or rental of a property is paid and how to how much it amounts. Furhtermore the sales process of properties in Germany and comparable properties in New Zealand are explained. Finally the differences between the sale of properties in Germany and New Zealand are highlighted.
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