Those who want to buy a house in New Zealand – and who have plenty of money – can possibly be pleased with new information from the country's government. After a several years long stop, foreign citizens will now be allowed to buy housing in the country again.
The message comes, however, with a number of conditions. The housing must cost at least five million New Zealand dollars – almost 28 million kronor – and the buyer must hold a so-called "gold visa", a special residence permit for persons who agree to make multi-million investments in the country.
The New Zealand government hopes that the new rules will attract more wealthy people to the country, and thereby increase growth.
The ban was introduced in 2018 in an attempt to dampen the country's overheated housing market, which was considered to be driven by real estate speculation.
