Lake Waitaki village in South Island, New Zealand.


Scenic New Zealand village on sale for Dh10 million


DUBAI – Do you have $2.8 million (Dh10 million) to spare? Then a scenic village in New Zealand could be yours.

That is if you’re a New Zealand resident and intend to live in the property for 183 days per year.

Real estate agent Kelli Milmine said the Lake Waitaki village has received “heaps” of interest from buyers who want to turn it into a boutique farm.

The Lake Waitaki village sits on the edge of the Waitaki dam in South Island, New Zealand. It has eight three-bedroom homes, a restaurant, a lodge, nine garages and 14 hectares of land.

The village, which was built in the 1930s, is surrounded by lush mountains and has water rights.

Over the years, Lake Waitaki was sold to several buyers before New Zealand sold it to a private buyer in 1991.

However, the New Zealand government last week announced a ban on foreign buyers, putting the property back in the market. GAD/Expat Media


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