IMF asks New Zealand to reconsider ban placed on housing sold to foreigners as result of wealthy driving property value up.
via cbc.ca: New Zealand has banned most foreigners from buying homes as it tries to tackle runaway housing prices. The housing market had been open to investors worldwide, but the government on Wednesday passed legislation that allows only New Zealand residents to purchase homes. In recent years, there have been many anecdotal stories of wealthy foreigners from Silicon … Read more