Currently: 506,780 Listings of Properties for Sale

Avatar Film Director Builds New Zealand Home

Avatar Film Director Builds New Zealand Home

Avatar Film Director Builds New Zealand Home

By: Nick Marr -  Category: New Zealand - Added: 2012-08-09

One of Hollywood’s leading film directors has snapped up 2,500 acres of beautiful New Zealand farmland to build a home for his family.  James Cameron, director of Avatar – the highest grossing film in cinema history – intends to build a property in Pounui Ridge, on New Zealand’s North Island.

While the government have welcomed Mr Cameron, who intends to film two sequels to the smash hit movie in the country, many New Zealanders are concerned about an escalating ‘land grab’ by wealthy foreigners.  Keep reading to learn more.

Locals concerned over foreign ‘land grab’

Earlier this year, Cameron, director of films including Titanic and Aliens, spent an estimated $16 million (£10.2 million) to buy 2,500 acres of farmland around Lake Pounui.  The New York Times reports that ‘now he expects to absorb its magic while creating some of his own in a pair of sequels that will build on the story of Pandora and on an ecological mythos that helped make Avatar, released by 20th Century Fox in 2009, the biggest-selling film of all time.’

The New Zealand government has welcomed the purchase as it sees big budget Hollywood film-making as a growth industry.  Mr Cameron’s permanent presence would almost certainly ‘move the dial’ of the national economy, said Steven Joyce, the country’s economic development minister.

However, many locals are concerned that wealthy foreigners are set to build on the beautiful New Zealand landscape and restrict access for visitors.  Cameron has already closed a small hall on his land that was previously used for wedding receptions, severing the public from what he now calls ‘his lake’.

Commenting on Cameron’s deal, The Waikato Times said: “Hordes are bound to follow from Hollywood,” poking fun at the outcry by envisioning pristine hillsides “festooned with trophy homes” in an “obscene showcase of bad taste.”

Sales of UK property are slowing down
By:  -  Category: United Kingdom - Added: 2014-07-23
Viewings of London property up 10pc
By:  -  Category: United Kingdom - Added: 2014-07-21
Cambridge: The fastest selling place in Britain
By:  -  Category: United Kingdom - Added: 2014-07-18
Does love at first viewing exist?
By:  -  Category: United Kingdom - Added: 2014-07-16
Sales of property in Canada up by four-year high
By:  -  Category: Canada - Added: 2014-07-07
Price must be right for London property to sell
By:  -  Category: United Kingdom - Added: 2014-07-04
Pending and existing home sales up in USA
By:  -  Category: United States - Added: 2014-07-02
1 in 5 sellers fetch higher than asking price
By:  -  Category: United Kingdom - Added: 2014-06-24
Increasing London house prices inspire sellers
By:  -  Category: United Kingdom - Added: 2014-06-16
US house prices rise for 20th month in a row
By: Laura Varley -  Category: Mexico - Added: 2013-12-05
Cyprus property market turning a corner
By: David Howells -  Category: Cyprus - Added: 2013-12-05
Australian property market growth slows
By: Michael McFadyen -  Category: Australia - Added: 2013-12-04
Emigrating Britains prefer to stay in Europe
By: Richard Towey -  Category: France - Added: 2013-12-04