Foreigners banned from BUYING HOMES in New Zealand as housing crisis soars

Foreigners banned from BUYING HOMES in New Zealand as housing crisis soars
 

Legislation barring non-citizens from purchasing property is being introduced today and is expected to come into effect in the New Year.
The country’s government said the policy would stop young people being priced out of the housing market.
Housing Minister Phil Twyford said: "Purchases of homes by offshore speculators push first home buyers and families out of the housing market.
“The previous national government said it couldn’t be done without breaching trade agreements. 
“They just didn’t try and in doing so, they put foreign buyers ahead of New Zealanders.”
He said: “Our view is... read more

 
14 December 2017 in World News, Views: 37
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31