Are foreign buyers rushing to beat the ban?

PHOTO: Corin Dann looks expectations ahead of the budget and speaks to Nick Goodall Head of Research at Corelogic NZ about the outlook for the housing market.
Source: 1 NEWS

Property data analysts CoreLogic NZ says there appears to have been an increase in foreign buyer activity in the Auckland housing market over the last few months, with foreign buyers rushing in to try to beat the Government’s looming ban a likely cause.

The Government’s much promised legislation banning foreign home purchases is not yet law and is still making its way through Parliament. It is currently before a Select Committee, which is due to report back in late May.

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