CORRECT: Overseas buyers missing in action, building consents dip in March

Thu, 02 May 2019

(Fixes incorrect percentage change for actual building consents in 10th paragraph) By Rebecca Howard May 2 (BusinessDesk) - Overseas buyer activity fell off a cliff in the first quarter of the year after restrictions to bar foreigners from snapping up existing homes took hold. Home transfers to people who didn’t hold New Zealand citizenship or a resident visa fell more than 80 percent in the March 2019 quarter compared with the same period a year earlier, Stats NZ said. “Overseas people acquired just 0.6 percent of homes transferr...

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