Wednesday, August 15, 2018

New Zealand bans home sales to foreigners

And, on another immigrant front...
The New Zealand government has banned the sale of existing homes to foreign buyers, saying New Zealanders were sick of being “tenants in our own land”.
Associate minister of finance David Parker said the ban would mean housing would become more affordable for locals, and supply would increase.
“We think the market for New Zealand homes and farms should be set by New Zealand buyers, not overseas buyers,” said Parker in an interview with the Guardian.
Is there anything so good that it can't be muddied by money?

1 comment:

  1. Why was Singapore exempted? Or Australia when they were counted among the larger offenders?