Foreign home buyer count figures 'not ideal', Upston says

Pattrick Smellie
Tue, 10 May 2016

By Pattrick Smellie May 10 (BusinessDesk) - A new official survey intended to show the extent of foreign investment in New Zealand property has produced data with "clear limitations" that are "not ideal", Land Information Minister Louise Upston says. Touted originally by the government as a response to fears about the level of foreign investment in New Zealand property, Upston was at pains to stress the Land Information New Zealand Property Transfers and Tax Residency data released today was "not a register of foreign buyers." "This is...

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