New Zealand parliament approves bill banning non-residents from buying homes

New Zealand parliament approves bill banning non-residents from buying homes

The New Zealand Parliament on Wednesday approved the Overseas Investment Amendment Bill [text, PDF], which forbids non-resident foreigners from buying existing homes.

The legislation was a key campaign pledge made by the New Zealand Labor Party during last year’s elections [BBC report].

JURIST – News – Legal News & Commentary

https://www.jurist.org/news/2018/08/new-zealand-parliament-approves-bill-banning-non-residents-from-buying-homes/

NEW ZEALAND BANS NON-RESIDENT FOREIGNERS FROM BUYING HOMES | Euronews

http://www.euronews.com/2018/08/16/new-zealand-bans-non-resident-foreigners-from-buying-homes

New Zealand Bans Home Sales To Most Foreigners: ‘It’s Not A Right, It’s A Privilege’ : NPR

https://www.npr.org/2018/08/15/638922391/new-zealand-bans-home-sales-to-most-foreigners-it-s-not-a-right-it-s-a-privilege