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© (c) Copyright Thomson Reuters 2018.New Zealand bans many non-resident foreigners from buying homes
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kurisupisu
Plenty of land in New Zealnd but greedy government suppresses development leading to house prices shooting up
inkochi
Protection of a small market from being swamped - fair enough!
But ...
TPP anyone?
Ganbare Japan!
Expect recession in NZ now. All people should have a right to buy home, regardless of colour or where from.
bass4funk
But if the Government doesn't want it, it doesn't matter who has the right.
Luddite
Good; I wish the UK would ban non-residents from buying property.
albaleo
It's not about colour or where they're from. It's about where they live, i.e. not in New Zealand.
Netgrump
@ Ganbare Japan!
Ah, I'm thinking about buying a house in Japan. Why do you say ?
JeffLee
Sane countries are starting to realize that when you put your houses and land on the global real-estate market, your own working people - like nurses and teachers - are the ones who get sc**ewed through unaffordability.
Canada and other place are starting to realize the horrid mistake they made in opening their doors to moneyed foreigners, and are starting to crack down. Of course, I warned of this about 15 years ago concerning Vancouver. Satisfiying to see when one's radical contrarian views are accepted years later by the Einsteins who run policy as plain common sense.
Netgrump
Eh, Ganbare Japan !
..What do ya say? :)