Global Chaos and NZ’s Housing Market: What’s the Connection?

How‘s world turbulence affecting NZ housing market?

– USA is forcing Ukraine to compromise in peace talk with Russian

– USA has decided to withdraw 20,000 soldiers from Europe

– France has promised to protect Europe by Nuclear power

Russian wants Ukraine never to join In NATO and no western soldiers enter into Ukraine territory

– Trump is trying to grab Greenland from Danmark which is alliance with USA

– USA put 25% tariff on Canada, Mexico and EU

– Canada plan to retalliate on USA tariff and USA said they will put the harsher tariff if Canada fights back

– USA put extra 10-15% tariff on Chinese products and China fighted back straightway on USA agricultural products and put some USA entities into the blacklist.

– 100,000 government workers plan to strike in England

etc

Basically NZ has the stable political status at moment and In reference to the covid 19 period, lots of oversea rich people decided to fly to NZ and more kiwis decided to choose to come back to NZ instead of staying overseas.

If regional conflicts are getting worse, it might be happening again.

NZ government need be smart to play low profile, don’t stand any side.

World Chaos is only start , not be ended until 3 giant countries reached the balance or agreement ( China , USA and Russia).

As tiny country in comparison with first 3, NZ needs to be careful and cautious.

Disclaimer: The opinions expressed in this article should not be taken as financial advice, or a recommendation of any financial product. Frank Real Estate shall not be liable or responsible for any information, omissions, or errors present. Any commentary provided are the personal views of the author and are not necessarily representative of the views and opinions of Frank Real Estate. We recommend seeking professional investment and/or mortgage advice before taking any action.