Investor immigration enquiries up 77.5% but no money coming in

Investor immigration enquiries up 77.5% but no money coming in
Brent Melville
Enquiries by high net worth individuals for New Zealand’s residence-by-investment programme have increased by 77.5 percent over the past year, three times higher than the global average and 10 times that of Australia, according to citizenship advisory firm Henley & Partners.However, with $2.2 billion in undecided applications still sitting on the other side of the border, NZ’s immigration apparatus is ill equipped to deal with the increased interest in the country as a coronavirus ‘safe haven’.Immigration firms say I...

More Economy

Card transaction data ‘much stronger than expected’:
Retail

Card transaction data ‘much stronger than expected’:

Stats NZ data shows retail spending has grown for five consecutive months.

NZ service sector underperforming globally
Economy

NZ service sector underperforming globally

New Zealand's Performance of Services Index is the only one in contraction among its key trading partners.The BNZ – BusinessNZ's performance index (PSI) fell to 47.9 in December from 49.1 in November.  “Our neighbour Australia is the closest comparison, but their equivale...

December inflation likely on target
Economy

December inflation likely on target

Annual inflation likely around 2.1%-2.2% in the December quarter.

Rebecca Howard 20 Jan 2025
Manufacturing activity has contracted for 22 consecutive months
Economy

Manufacturing activity has contracted for 22 consecutive months

New Zealand’s manufacturing sector contracted in December, marking the first time in the survey’s history that all 12 months were in contraction. The seasonally adjusted Performance of Manufacturing Index (PMI) for December was 45.9, up from 45.2 in November but still well below...

Rebecca Howard 17 Jan 2025