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Banning foreign home buyers - the New Zealand experiment
Have homes become cheaper since NZ radically changed the law on foreign ownership?
It’s been a year since New Zealand put all but a stop to foreigners buying houses. The near-total ban followed years of astonishing price increases - fuelled in part by Chinese money and American tech billionaires buying up some of the country's most desirable plots. With the help of seasoned property reporter Greg Ninness, and New Zealand’s biggest real estate firm Barfoot & Thompson, we’re in Auckland to investigate whether the law has improved housing affordability. Photo: The Auckland skyline, credit: Βι¶ΉΤΌΕΔ
Last on
Mon 15 Jul 2019
12:32GMT
Βι¶ΉΤΌΕΔ World Service News Internet
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- Mon 15 Jul 2019 07:32GMTΒι¶ΉΤΌΕΔ World Service
- Mon 15 Jul 2019 12:32GMTΒι¶ΉΤΌΕΔ World Service News Internet
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