Banning foreign home buyers - the New Zealand experiment

Business Daily

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Banning foreign home buyers - the New Zealand experiment

Business Daily

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: BBC
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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: BBC
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