Property News · June 7, 2018

One in five central Auckland homes sold to overseas buyers


By Isaac Davison
New figures showing one in five central Auckland houses are being sold to offshore buyers vindicates the Government’s coming ban on foreign ownership, the country’s Trade Minister David Parker says.
Responding to the latest Statistics NZ data on property sales, Parker said foreign investment was highest in the regions where housing was least affordable.
In all, just over three per cent of house sales in New Zealand for the first three months of the year went to non-…

Source : South China Morning Post
Read more…One in five central Auckland homes sold to overseas buyers

You may also like...