2024-08-31 20:00:00 +0300

Billionaire Sanctuary Unscathed by New Zealand Housing Slowdown

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Bloomberg
By Ainsley Thomson

A playground for the wealthy in New Zealand is defying the nation’s housing market downturn.

Prices in Queenstown, a ski resort on New Zealand’s South Island that’s home to luxury lodges, golf retreats and billionaires’ sanctuaries, are holding up even as they decline in most other parts of the country.

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