Banning foreign home buyers - the New Zealand experiment


Housing affordability is a crisis that many countries face. New Zealand addressed the issue in a controversial way: by outright banning foreign ownership. Since it has come into effect, real estate pricing has gone down, and more properties are available for New Zealand residents. Critics argue that the ban coincided with world events like the Chinese government limiting how much money could leave the country into foreign events. They caution against attributing the lower prices to the ban itself and that it is still too early to see its true impact.

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