New Zealand bans foreign residents from buying homes

Residential housing in Wellington, New Zealand

Residential housing in Wellington, New Zealand Source: AAP

Australians are exempt from New Zealand's new law.


A ban has been placed on foreign residents buying homes in New Zealand in an attempt to arrest housing inflation and growing vacancy rates.It sets rules roughly in line with Australia's and prevents overseas residents from buying existing residential property.

For more details, please listen to the full report in Pashto.

 


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