Let wealthy foreigners build homes - John Key

Wed, 05 Aug 2020

Wealthy foreigners buying land and building houses could help to prop up New Zealand’s construction industry, says former Prime Minister John Key. Speaking at the Auckland Tourism, Events and Economic Development (ATEED) economic crisis summit in Auckland, Key said he was concerned about the economic impact from lack of work for the construction sector, and the absence of international students. A report from ATEED predicted Auckland’s gross domestic product would decline by 6 percent in 2020, compared with a 5.6 percent fall nationally....

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