Queenstown the most popular among foreign buyers in 2018

Thu, 07 Feb 2019

By Paul McBeth Feb. 8 (BusinessDesk) - New Zealand's high-profile tourist destination Queenstown was the most popular location for overseas buyers in 2018, although that demand tapered off once the government effectively blocked foreign purchasers in October. Foreign nationals bought 105 properties of the 1,842 property transfers in Queenstown in calendar 2018, accounting for 5.7 percent of transactions, Stats NZ figures show. That's more than the 2.6 percent national average - 3,798 out of 146,073 - and trumped Auckland's 5.6 percent ra...

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