Wellington, Sept 2, 2025 (AFP) - New Zealand relaxes rules on foreigners owning property

NAMPA / AFP

2025-09-02

New Zealand will allow wealthy foreign investors to buy property, partially reversing a seven-year ban that had aimed to cool soaring prices. The ban, pushed by the centre-left government of former prime minister Jacinda Ardern in 2018, aimed to reign in the South Pacific nation's booming housing prices, blamed at the time on record migration levels and a shortage of housing stock. Australians, at the time the second most common foreign buyers a......

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Law & Politics

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