New Zealand opens luxury home market to golden visa holders
Ainsley Thomson
Wellington | New Zealand will loosen its ban on foreigners buying houses, opening the door for wealthy investors to purchase luxury properties as part of a push to revive its sluggish economy.
The coalition government on Monday said it would allow holders of so-called golden visas to buy houses worth at least NZ$5 million ($4.5 million), carving out an exemption to restrictions that have largely kept overseas buyers out of the market since 2018.