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Archived Articles
Simeon Mitropolitski is a Canadian analyst, of Bulgarian origin, and a former syndicated columnist with the Bulgarian News Agency (BTA). He is the author of several hundred articles dealing with hot political and economic topics, both national and international.
He was part of the first group of Bulgarian intellectuals and students that began the opposition movement that finally put an end to the communist regime in this country in 1989, and in 1996-1997 participated in international observation teams during the elections in several Balkan countries - Romania, Albania and Bulgaria.
In 2002 Simeon and his family moved from Bulgaria to Canada where they live now in Montreal, province of Quebec. Simeon is a Master of Political Science from McGill University and a B.A. of Political Science and History.
Global Real Estate Project
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New Zealand: Market plateau turns downAfter several years of more or less gradual appreciation on the residential real estate in New Zealand, the global market slump seems to have reached this far-away country. After reaching a peak near the end of 2007, the residential prices there are slowly eroding, and in April 2008 they were at approximately the same level as exactly one year ago (with the inflation factor the real prices are actually more than 1 percent lower than 12 months ago). Despite the numbers, there are several factors that influence the market, making the current slump rather moderate. On a positive note, the economy is growing well and is still creating new jobs. The level of wealth distribution in the country is fairly egalitarian, thus buffering to a large degree market shocks. There are and there will be more shortages of workers in many fields; therefore migrating to New Zealand, especially for people with little or no English knowledge may be a good long-term investment. For persons coming from other rich countries New Zealand offers quiet life in short distance from the largest urban areas and a mild climate. This is a very peaceful society in terms of criminality and people generally feel in security around the clock. People with low paid positions may find the life in New Zealand more awarding than in Europe or in North America. On a negative note, however, the real estate market, especially after the devaluation of the U.S. dollar has become quite expensive for Americans. There are, unfortunately, several reasons why people may decide to move out of New Zealand. For those who are born there or have just arrived other factors may make them think twice about moving out of the country, e.g. to Australia, or moving back, e.g. to Europe or to North America. The reason for moving to Australia is that its economy traditionally looks even better compared to New Zealand and offers even higher wages for similar jobs. Moving to Australia doesn't even look like permanent emigration for many Kiwis, but rather like temporary relocation in search for better jobs.
Residential prices in New Zealand:
Country profile: --------------------
See also the directory of companies providing real estate services in, and general real estate information of New Zealand.
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