'Tenants on our own land': New Zealand bans sale of homes to foreign buyers
The New Zealand government has banned the sale of existing homes to foreign buyers, saying New Zealanders were sick of being “tenants in our own land”.
Associate minister of finance David Parker said the ban would mean housing would become more affordable for locals, and supply would increase.
“We think the market for New Zealand homes and farms should be set by New Zealand buyers, not overseas buyers,” said Parker in an interview with the Guardian.
https://www.theguardian.com/world/2018/aug/15/tenants-on-our-own-land-new-zealand-bans-sale-of-homes-to-foreign-buyers