Foreign buyer ban gets smoother edges, but critics still see stymied development

Mon, 18 Jun 2018

By Nikki Mandow June 18 (BusinessDesk) - Amendments to the government’s foreign buyer ban, if introduced, would give overseas investors more leeway to put money into New Zealand housing developments. But opposition party critics said the changes don’t go far enough, and the restrictions inherent in the new legislation will still aggravate housing shortages. The finance and expenditure select committee looking at the Overseas Investment Amendment Bill has recommended some significant changes to the hastily-introduced legislation after i...

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