Published: October 21, 2018
Critics say the policy is unlikely to make housing – which has soared 60% in price in 10 years – more affordable for locals
A ban on foreigners buying homes in New Zealand has come into force, as the Labour-led government fulfils an election promise that critics say could be a popular but won’t solve the lack of affordable housing.
Housing became a major campaign issue for an election last year that ended the National Party government’s near decade in power and landed Jacinda Ardern the premiership in a surprise result one year ago.
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