PHOTO: Supplied – Real estate agent Peter Young, who has been working with Barfoot and Thompson for 20 years, says Chinese overseas investors they dealt with had reduced by half compared with three years ago.
Fewer overseas property investors have bought homes in Auckland in the past few years due to policy changes, according to industry workers.
Peter Young, a 20-year-old real estate agent at Barfoot and Thompson, said overseas buyers snapped up a dozen houses at once years ago, but not recently.
“Chinese overseas investors that we dealt with, for example those who bought houses for rent, have reduced by half comparing with three years ago,” Young said.
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