Is New Zealand Back On The Market For Wealthy Overseas Homebuyers?
When New Zealand’s National Party fiercely campaigned to win the general election in October 2023, it promised that, if victorious, it would repeal the foreign buyer ban. The Labor government put the controversial buyer ban in place in 2018, claiming that overseas buyers had made home prices unaffordable for locals. The law—still in effect today—prohibits non-resident foreigners…
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