Impact of foreign buyer ban

Nov 13, 2018 10:13:37 AM

The Labour Government’s election promise to ban non-resident foreign property buyers from buying existing property in New Zealand kicked off on 22 October 2018. So far, the change to the Bill seems to have had little impact on the market, despite dire predictions, and buyer activity remains stable.

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Topics: Mortgages, Foreign buyers, foreign buyer ban, NZ Mortgage Adviser, House prices