18 December 2017

New Zealand bans foreign Property Buyers

According to news reports in The New Zealand Herald and British newspaper The Independent, the New Zealand's government is going to ban all foreigners from buying existing residential real estate due to the escalating housing crisis that is plaguing the country. In Wellington, the island's capital, house prices have risen by 57% in the last ten years. Finding an affordable New Zealand apartment or house in New Zealan....