New Zealand curbs foreign property ownership to cool market
New Zealand's Prime Minister Jacinda Ardern and Associate Finance Minister David Parker have introduced new curbs on foreign property ownership (AFP Photo/Marty MELVILLE)/ New Zealand has passed legislation curbing foreigners' ability to buy residential property in a bid to rein in the South Pacific nation's booming housing prices. The law, which passed late Wednesday, meets a key campaign pledge from Prime Minister Jacinda Ardern, who vowed to make housing more affordable before her election last year. The new restrictions mean an almost ...
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