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Leasehold titles in Pirimai

LINZ records 164 leasehold titles in Pirimai, 10.2% of its 1,604 live titles: above Napier City as a whole (8.4%) and well above New Zealand (1.2%).

Pirimai: leasehold titles

Leasehold titles
164
Share of live titles
10.2%
Napier City share
8.4%
New Zealand share
1.2%
Rank by share in Napier City, among suburbs with 50+ leasehold titles
6 of 9

https://data.linz.govt.nz/layer/50804-nz-property-titles/

Across New Zealand its share is in the top quarter of the 137 such suburbs.

Lease terms in Pirimai

All 164 are ground leases; the largest group, 57%, comprises leases with more than 50 years of stated term left.

Stated lease termTitles
Stated term has ended28
Under 10 years left4
10 to 50 years left1
More than 50 years left93
Term mentions renewal23
Term not stated or not readable15

Napier City suburbs with the most leasehold titles

SuburbLeasehold titlesShare
Taradale5008.8%
Napier South37112.1%
Tamatea30913.7%
Onekawa2969.8%
Marewa27511.5%
Greenmeadows2268.4%
Westshore8912.6%
Pandora8225.4%

Sources and limits