US largest overseas buyers of NZ land, KPMG study finds

Tue, 01 Nov 2016

By Edwin Mitson Nov. 1 (BusinessDesk) - Investors from the US States were the largest overseas purchasers of land in New Zealand between 2013 and 2015, analysis of Overseas Investment Office approvals shows, with China far behind. The KPMG study, Foreign Direct Investment in New Zealand, shows the US bought 40 percent of OIO approved land sales. China purchased 11 percent, while Hong Kong bought 7 percent. The authors say that forestry transactions are the most significant driver of this statistic, rather than dairy or agribusiness. T...

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