NZ Real Estate Stocks Ride Golden Visa Boom
New Zealand's real estate market is attracting significant interest from foreign investors, particularly those seeking safe harbor properties. This trend has created opportunities for local companies to grow and develop their projects.
Among these companies are Asset Plus (NZSE:APL), Winton Land (NZSE:WIN), and Kiwi Property Group (NZSE:KPG).
Asset Plus, a New Zealand property company, has limited revenue but is expected to see a sharp uplift in earnings over the coming years. The company's stock trades below one estimate of fair value, suggesting the market is heavily discounting its forecasts.
Kiwi Property Group provides direct exposure to some of New Zealand's better-known mixed-use and retail centers at a time when foreign capital is searching for safe, income-producing property.