PHOTO: Real estate legend Max Raine, former chairman of the Raine & Horne, has passed away this year aged 91
Real estate group Raine & Horne has announced plans to expand its presence in New Zealand, as it seeks to capitalize on the country’s strong property market.
The company has opened a new office in Auckland, which will serve as its base for operations in the North Island. It also plans to open additional offices in other parts of the country in the coming months.
Raine & Horne is one of the largest real estate groups in Australia, with more than 300 offices across the country. The company has been expanding its presence in New Zealand in recent years, and now has offices in several locations, including Wellington, Christchurch, and Dunedin.
According to Raine & Horne CEO Angus Raine, the company sees significant potential for growth in the New Zealand market. “New Zealand has a thriving property market, and we believe there is a real opportunity for us to expand our presence here and provide our clients with the highest level of service and expertise,” he said.
Raine & Horne’s expansion in New Zealand comes amid a strong period of growth for the country’s property market. House prices in New Zealand have risen steadily in recent years, fueled by low interest rates, strong demand, and limited supply.
The government has introduced a range of measures to address the issue, including a ban on foreign buyers and the introduction of new rules to restrict speculative investing.
Despite these measures, however, demand for property in New Zealand remains strong, and experts predict that prices will continue to rise in the coming years.
For Raine & Horne, the expansion into New Zealand is part of a broader strategy to grow its business internationally. The company has already established a presence in several other countries, including Indonesia, India, and Fiji.
The company’s focus on expanding in New Zealand reflects the country’s growing importance as a key player in the global property market, and suggests that there may be further opportunities for real estate groups looking to expand their operations in the region.