New Zealand to ban foreigners from buying existing houses

Re:New Zealand to ban foreigners from buying existing houses by bogomipz on Thursday October 26, 2017 @06:51PM (#15563932)

>"There's limited evidence available that it's foreign buyers primarily responsible for our high house prices"

There's actually lots of evidence that hot foreign money is driving the prices up. There's also been a trend by developers to develop properties to attract this type of buyer.