Thread: Returning kiwis not investing in property
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Old 30-03-2008, 05:01 PM
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Default Returning kiwis not investing in property
Returning Kiwis avoid property
Page 1 of 2 ...... 5:00AM Sunday March 30, 2008
By Gill South

Kiwis coming home are refusing to put their hard-earned British pounds into the local housing market, says a leading international recruitment agency working with top executives coming back from the UK.

"Returnees are no longer rushing into a house purchase, and are happy to wait for the market to find a new level and the kiwi to weaken," says Richard Manthel, local managing director of finance and management recruitment firm Robert Walters.

With 5000 ex-pats on his database, Manthel is hearing this message loud and clear at information seminars in London run for returning Kiwis and potential migrants.

The New Zealand dollar, at its current levels, is giving a lot of angst to Kiwis working in the UK and wanting to come back, he says.

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