Financial Crisis Leads to NZ Domain Renewals to Slump

The current financial crisis appears to be impacting on the New Zealand domain name market, with the number of domain names not renewed in 2008 jumping around one-third over 2007 according to a report in New Zealand’s Business Day.

“There were 55,365 expired domain names in 2008, a significant jump of 14,609 expired domain names from the year before, according to New Zealand Registry Services,” says the report.

This is a significant number for the .nz ccTLD that currently has 349,830 registered active domain names.

Under rules for .nz, if a registrant doesn’t renew a domain name within 90 days after the expiry date, the domain name is released by the New Zealand Registry Service and is again available for registration on a first-in, first-served basis.

The Business Day report is available from:
www.businessday.co.nz/industries/telco_it/4838849

Asia Registry logoTo register your .NZ domain name, check out Asia Registry here.