Foreign buyer ban government`s first step in making housing affordable and giving young Kiwis `a ...
(WorldNews New Zealand)

Legislation will be introduced to Parliament today making it harder for foreigners to buy houses in New Zealand - which the government says is the first step in reigning in the speculative housing market for the future. Phil Twyford says the new legislation will not affect genuine migrants, and is designed to dampen speculation when the housing market picks up again. Source: Breakfast In the future, only New Zealand and Australian citizens - and possibly people from Singapore - will be able to buy residential housing without undergoing special screening tests. Exceptions may be made for citizens of Singapore as the ban on foreign buyers may run afoul of New Zealand`s free trade deal with the...