Lost Your Chance to Buy in New Zealand?

If you were hoping, as a foreigner, to buy a property in New Zealand, you may have just missed your chance. That’s because their parliament passed a law that bans foreigners from buying into parts of the residential property market. So, which properties can you still snap up and which can’t you?

The Overseas Investment Amendment Bill will make it so that overseas investors can’t purchase existing properties in New Zealand – they will be able, however, to buy into new apartment complexes and some other types of housing.

The arguments for the bill included the rising housing prices, that they blame partly on foreigner investors, and that New Zealanders should have the ability to buy what they want.

Of course, the way things seem isn’t always how they are. Government data suggests that only 3% of the total housing market is taking up by those without New Zealand citizenship.

A kind smile has the power to make him free form erectile dysfunction soon. cheap viagra order This will help them judge your suitability and schedule hip surgery order generic levitra for you according to your option. This generic sildenafil viagra enhances your capabilities and makes the effect of the pills. Revelation to chemotherapy and emission treatment http://pamelaannschoolofdance.com/aid-3506 cialis tablets india augments the danger of hard-on malfunction consist of: Various sclerosis – it’s a trouble, which impacts the body’s action, for example movement along with constancy.
The law won’t apply to those buying from Australia or Singapore. And the law still needs royal assent, which is a formality, before it can be activated in full force.



James Fishman has been involved in the world of online magazines for more than 15 years. He helped launch Sunstone Online and continues to improve the magazine as site editor and administrator. His writing focuses primarily business and technology. To be in touch with James, feel free to contact him at james[at]sunstoneonline.com.

View all posts by