Govt issues 'build to rent' directive

(Image; Getty)

Thu, 04 Apr 2024

The government is issuing a new directive under the Overseas Investment Act to help give more certainty to investors in build-to-rent housing.The ministerial directive requires the regulator, Land Information NZ, to consider overseas investment in build to rent (BTR), including for the purchase of existing assets, to be of “benefit to New Zealand” when assessing applications, and clarifies the regulator’s approach to assessing applications under the “increased housing test”.The directive follows the announcement la...

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