New Zealand a shining light in global market

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With its reputation as “the shaky isles” seemingly a distant memory, New Zealand’s commercial property is emerging as a bright spot in the global market.

According to a report released by JLL, there were transactions worth NZ $2 billion last year, including a stunning 188% lift in sales during the second half.

That’s the strongest market performance since 2007 and comes right after the NZ central bank intervened last year in an attempt to cool a red hot residential market .

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