Banning foreign property investors could kill the build-to-rent market, Eaqub says

Thu, 08 Mar 2018

By Nikki Mandow March 8 (BusinessDesk) - Outspoken rental housing advocate Shamubeel Eaqub warns that by shutting out foreign investors, the Overseas Investment Amendment Bill will make it impossible to build enough new rental properties to meet the country's housing needs. Economist and commentator Eaqub told Parliament's finance and expenditure select committee in Auckland that it’s essential New Zealand develops a sustainable rental sector, but that won’t be possible without bringing in significant amounts of overseas capital - mostly...

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