The Lyall Bay suburb of Wellington. New Zealand ranks among the world’s most expensive housing markets.
Photographer: Mark Coote/BloombergLiving
It's Beautiful and Virtually Covid-Free. Just Don't Try to Buy a House There
- Priciest OECD housing market relative to income is New Zealand
- Even the market for the most dilapidated homes is surging
Famous for its handling of the pandemic, its stunning mountain scenery and its trailblazing prime minister, New Zealand is now becoming known for something else — one of the least affordable housing markets in the world.
House hunter Femke Burger has just one word for it: brutal.