5 years ago
1
New Zealand to ban foreigners from buying homes
Foreigners face a ban on buying homes in New Zealand after a spending splurge by millionaires seeking doomsday bolt-holes crowded out local buyers and pushed up property prices. Home purchases by tycoons such as tech billionaire Peter Thiel, the PayPal founder, and Matt Lauer, the former NBC host who lost his job after allegations of sexual misconduct, have led the New Zealand government to crack down on the trend.
Continue Reading https://www.smh.com.au
Join the Discussion
They never should have allowed it in the first place.