Property News · October 26, 2017

Cashed-up Chinese on notice after New Zealand PM signals ban on foreigners buying existing homes


New Zealand Prime Minister Jacinda Ardern said on Thursday she will seek to renegotiate the Trans-Pacific Partnership (TPP) agreement in Vietnam in two weeks’ time to allow the government to ban foreign speculators buying New Zealand existing homes.
Ardern, who was sworn in on Thursday after negotiating a Labour-led coalition after a tight election result, said she had already started work on the restrictions.
“Whether it’s TPP or any other agreement it’s making sure we…

Source : South China Morning Post
Read more…Cashed-up Chinese on notice after New Zealand PM signals ban on foreigners buying existing homes