Govt confirms $5m home threshold for golden visa applications

Govt confirms $5m home threshold for golden visa applications
Prime Minister Christopher Luxon has fronted the major change to the country’s foreign investment regime. (Image: NZME)
Staff reporters
Foreign investors with an investor residence visa will be able to purchase a home in New Zealand, the Government has announced in a major change to the country’s foreign investment regime.Prime Minister Christopher Luxon has confirmed that the general ban on foreigners buying residential properties will remain in place.However, the Government wants to bring additional investment, skills, ideas and connections to New Zealand, and the Active Investor Plus residency visa allows that.It offers residency to a migrant who invests a minimum of $...

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