Non-kiwis buy 2.8% of homes in 2Q with Auckland leading the pack

Thu, 26 Jul 2018

By Rebecca Howard July 27 (BusinessDesk) - The number of New Zealand home transfers to foreign buyers eased slightly in the second quarter, based on new data that tracks ownership changes from Statistics New Zealand. The share of home transfers to overseas people fell from 3.3 percent last quarter to 2.8 percent this quarter, Stats NZ said. "Overseas people" includes people who are not New Zealand citizens or resident-visa holders. There were 39,627 property transfers involving a home in the June 2018 quarter, up 1.5 percent on the ye...

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