New Zealand to allow some wealthy foreign investors onto property market

New Zealand carves out a luxury housing loophole to woo golden visa millionaires

New Zealand is easing housing rules for wealthy foreign investors.Catherine Ivill/Getty ImagesNew Zealand has lifted its foreign buyer ban, letting golden visa holders buy a $5 million home.The policy shift could bring at least $1.8 billion in investment, its prime minister said.Nearly half of the new golden visa applications are from the US, per government figures.New Zealand is carving out an exception to its long-standing foreign buyer ban, o…

Golden visas: 5.5% of Queenstown properties fit $5m threshold

This four-bedroom property, set on 5ha of land near Frankton, is on the market with an asking price of more than $5m. Photo: Sotheby's/TradeMe By Susan Edmunds of RNZ

Winston Peters defends foreign investor compromise: 'Very, very, very minor'

NZ First leader Winston Peters insists his party's supporters are "rational and reasonable" people and will understand the move to let some wealthy overseas investors buy property here.

New Zealand to allow some wealthy foreign investors onto property

WELLINGTON, New Zealand: New Zealand will relax a ban on foreigners buying homes in the country to allow some wealthy overseas business investors a single high-value residential property purchase, Prime Minister Christopher Luxon said Monday. The move partially reverses a ban introduced in 2018 by a previous government to cool a runaway housing market fueled by property

Peters says foreign buyers ban eased because country not ‘attractive enough’

Prime Minister Christopher Luxon announced wealthy investors on a so-called “golden visa” would be allowed to buy or build a house in New Zealand.

New Zealand’s foreign buyer ban has been binned (kind of)

Overseas investors will soon be able to nab their very own slice of Aotearoa paradise – as long as that slice is suitably pricey.