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New Zealand property prices have declined lately due to the present financial crisis, even if the recent months have shown more positive indicators. International real estate is adversely affected by the economic crisis which first became palpable in the U.S. Beginning 2007, prices for New Zealand real estate have declined by 5.8% on the average. As a result, more rental homes are emerging in South and East Auckland, New Zealand, with investors spreading into the rental business as opposed to selling properties alone. Furthermore, as landlords have also reduced rental rates, homes for rent can be excellent tourist lodgings within the region.