The Briefing Room

General Category => World News => Topic started by: jmyrlefuller on August 15, 2018, 10:52:25 pm

Title: New Zealand bans sale of homes to foreigners
Post by: jmyrlefuller on August 15, 2018, 10:52:25 pm

https://www.bbc.co.uk/news/world-asia-45199034 (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.

Title: Re: New Zealand bans sale of homes to foreigners
Post by: 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.

Title: Re: New Zealand bans sale of homes to foreigners
Post by: jmyrlefuller 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.

Title: Re: New Zealand bans sale of homes to foreigners
Post by: Sanguine 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,