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Author Topic: New Zealand bans sale of homes to foreigners  (Read 447 times)

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Offline jmyrlefuller

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New Zealand bans sale of homes to foreigners
« on: August 15, 2018, 10:52:25 pm »
https://www.bbc.co.uk/news/world-asia-45199034

Short version: The New Zealand government, in an effort to stem a shortage of housing in the country, has barred those who do not live in New Zealand from owning homes in the country. Those with legal residency are exempt, as are those in Australia and Singapore, each of which has a free trade agreement with New Zealand.
« Last Edit: August 16, 2018, 01:38:31 am by jmyrlefuller »
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Offline Sanguine

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Re: New Zealand bans sale of homes to foreigners
« Reply #1 on: August 15, 2018, 11:29:27 pm »
Interesting.  Are the Chinese buying up NZ?

@jmyrlefuller, could you check the link?  It doesn't work.
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Offline jmyrlefuller

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Re: New Zealand bans sale of homes to foreigners
« Reply #2 on: August 16, 2018, 01:40:18 am »
Quote from: Sanguine on August 15, 2018, 11:29:27 pm
Interesting.  Are the Chinese buying up NZ?

@jmyrlefuller, could you check the link?  It doesn't work.
Try now. (I originally posted that from my phone so something might have been chopped off.)

From the article... Of the foreign interests buying land in New Zealand, yes, China is one of the biggest buyers. However, it's only a small portion of the housing market, so there are other factors in play in the spike in prices and shortage of available homes.
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Offline Sanguine

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Re: New Zealand bans sale of homes to foreigners
« Reply #3 on: August 16, 2018, 02:02:26 am »
Quote from: jmyrlefuller on August 16, 2018, 01:40:18 am
Try now. (I originally posted that from my phone so something might have been chopped off.)

From the article... Of the foreign interests buying land in New Zealand, yes, China is one of the biggest buyers. However, it's only a small portion of the housing market, so there are other factors in play in the spike in prices and shortage of available homes.

Thanks,
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