More on NZ house purchase restrictions for foreign buyers

Headlines here from earlier: NZ PM Ardern: Proposed ban on foreign house purchases to take effect in early 2018

  • Prime Minister Jacinda Ardern will end foreign buying of existing houses by classifying them all as «sensitive» under the Overseas Investment Act.
  • This would effectively ban foreign speculators without affecting the TPP or most free trade agreements, Ardern said.
  • The effect of this change will be that non-residents will not be able to purchase existing homes in New Zealand — other than Australians and New Zealand citizens living overseas.

More here at the link

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