`Tenants on our own land`: New Zealand bans sale of homes to foreign buyers
(The Guardian Money News)

Law aims to boost housing affordability after property prices rise more 75% in some parts of the country in four yearsThe New Zealand government has banned the sale of existing homes to foreign buyers, saying New Zealanders were sick of being `tenants in our own land`.Associate minister of finance David Parker said the ban would mean housing would become more affordable for locals, and supply would increase. Continue reading...