What’s at stake: Balancing foreign capital inflows with housing market protection.
Background: The 2018 foreign buyer ban was a Labour-NZ First policy; National campaigned to loosen it but needed coalition partner sign-off.
Main players: Prime Minister Christopher Luxon, Immigration Minister Erica Stanford, Act Party leader David Seymour, and NZ First Party leader Winston Peters, who was absent from today’s announcement.
The Government has moved to ease restrictions on foreign property ownership, allowing holders of the so-called 'Golden visa' – the Active Investor Plus residency visa – to buy or build one home worth at least $5 million.
Prime Minister Christopher Luxon said the change strikes a balance between
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Key points
What’s at stake: Balancing foreign capital inflows with housing market protection.
Background: The 2018 foreign buyer ban was a Labour-NZ First policy; National campaigned to loosen it but needed coalition partner sign-off.
Main players: Prime Minister Christopher Luxon, Immigration Minister Erica Stanford, Act Party leader David Seymour, and NZ First Party leader Winston Peters, who was absent from today’s announcement.
