Migration to remote New Zealand hits all-time high as wealthy seek a haven, by Alex Hogg and Tracy Withers.
For the most part, it pays to be aware of where the smart money is heading. I got a sense of one of these flows a couple years back in Davos when a seemingly innocuous piece written for The Guardian went viral, registering millions of reads around the world. It reported on disclosures that hedge fund managers were buying airstrips and farms in places like New Zealand, the land of the rugby and rain.
Reason: As the world becomes increasingly turbulent, the remote home of the Kiwi has become hugely appealing for those seeking peace of mind and a secure place to protect their wealth and families. The latest migration numbers from Auckland tell us that while hedge fund managers may have been early, record numbers are now being drawn to the peaceful island nation. Last year more people immigrated to NZ than ever before, expending the population by over 2%. For context, there were three times as many new arrivals as the number of babies born in the country.
hat-tip Stephen Neil