Property News · October 22, 2018

Ban on foreign buyers seen as poor answer to New Zealand's housing shortage


Many foreigners will be banned from buying homes in New Zealand from this week, unless they are newly built flats, as the Labour Party-led government fulfils an election promise that critics say could be a popular but will not solve the lack of affordable housing.
Housing became a major campaign issue during an election last year that ended the National Party government’s near decade in power and landed Jacinda Ardern the premiership in a surprise result.
Ardern had blamed overseas…

Source : South China Morning Post
Read more…Ban on foreign buyers seen as poor answer to New Zealand’s housing shortage

You may also like...