Buying property in New Zealand from the UK

Reuben Allonby

Dive deep into the Kiwi property market from the UK, uncovering tips, tricks, and savvy financial strategies to make your investment journey seamless.

The breathtaking landscapes and high quality of life have made New Zealand an attractive destination for UK property investors. If you’re considering the leap across hemispheres for property investment, understanding New Zealand's property market intricacies and the complexities of international money transfers is crucial.

This guide will offer insights into buying property in Aotearoa and demonstrate how you can get make the most out of your GBP to NZD transfers.

About Equals Money

New Zealand property market overview

The New Zealand property market has traditionally been stable, with pockets of high growth, particularly in cities like Auckland, Wellington, and Christchurch. However, as with all property investments, conducting thorough research and engaging with local experts is crucial.

1. Rules for foreign buyers

New Zealand introduced restrictions on foreign property ownership in 2018. While there are exceptions, it’s essential for foreign investors to:

  • Seek properties with Overseas Investment Office (OIO) approval.
  • Look for new developments, as these often allow foreign investments.

2. Finding the right property

From the coastal beauty of the North Island to the mountainous terrains of the South, New Zealand offers diverse property options:

  • City Apartments: These are ideal for those looking at rental returns, given the urbanisation trend in major cities.
  • Holiday Homes: Locations such as Queenstown offer picturesque holiday homes, ideal for part-time living or holiday letting.
  • Farmland: While more regulated, it's a segment of the market that many UK investors find appealing due to New Zealand's agricultural prominence.

3. The buying process

Once you’ve selected a property:

a. Offer & Acceptance: Make a formal offer and if accepted, a sale and purchase agreement is signed.
b. Due Diligence: Conduct checks for land title, local council permissions, and structural assessments.
c. Mortgage & Finance: If not buying outright, you'd need to organise a mortgage either in New Zealand or the UK.
d. Final Settlement: Once all conditions are met, you can proceed with the final settlement and property registration.

4. Maximising value with GBP to NZD international money transfers

When it comes to transferring your funds:

a. Engage a Currency Specialist: Equals Money can provide competitive rates for a wide range of currencies, including NZD.

b. Utilise Forward Contracts*: With Equals Money, you can lock in an exchange rate for a future date, protecting you from market volatility. Even though you're committed to the rate you’ve booked regardless of how it moves after the fact, many find the stability and certainity offered by a forward contract preferable.

c. Stay Updated: Keep an eye on the GBP to NZD exchange rate and make your transfers at your preferred rate.


Buying property in New Zealand from the UK is not just an investment in bricks and mortar but an investment in a unique and sought-after lifestyle. By understanding the nuances of the New Zealand property market and tapping into the expertise of Equals Money for your international transfers, you can navigate this journey with confidence. Whether it's a city apartment, a holiday home, or a sprawling farm, New Zealand awaits with open arms and unparalleled beauty.

*Equals Money can only offer forward contracts to facilitate payments for goods and services.

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