FIFA World Cup Host Nations US, Mexico Have More Affordable Property Prices Than New Zealand, Trade Me Comparison Shows
Property prices in the US and Mexico are more affordable than in New Zealand, according to a FIFA World Cup-inspired comparison published by Trade Me.Compared with New Zealand's average asking price of NZ$855,050, the US is more economical at roughly NZ$634,062, while Canada has comparable prices at NZ$851,000, according to the report.The most striking divergence is with Mexico, where the national average is only NZ$171,000, meaning that a deposit for a typical house in New Zealand could be sufficient for an outright property purchase in Mexico, Trade Me said.In the Canadian market, Toronto and Vancouver are expensive, but venturing beyond these major hubs can provide options that are far cheaper than those in suburban Auckland. In Mexico, prices in the capital city average around NZ$365,000, which is still less than half of the New Zealand average, according to the report.