The median home price in New Zealand has surged more than 57 percent since 2010 and now the Kiwi nation has decided to do something about it: ban outsiders from buying their homes. The Wall Street Journal reported New Zealand’s parliament approved new regulations on Wednesday that prohibit currently existing residential properties from being purchased by foreigners. “This Government believes that New Zealanders should not be outbid by wealthier foreign buyers,” trade minister David Parker […]
source https://therealdeal.com/2018/08/15/kiwis-only-new-zealand-bans-foreigners-from-buying-homes/
No comments:
Post a Comment