New Zealand May Allow Foreigners to Buy Build-to-Rent Homes
- Finance Minister says government wants to boost housing supply
- ‘Our overseas investment regime has been quite restrictive’
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The New Zealand government wants to allow foreigners to invest in build-to-rent homes to help stimulate housing supply, Finance Minister Nicola Willis said.
Work is underway on changes to the nation’s overseas investment criteria and it was “absolutely” a priority for it to happen this year, Willis said in an interview with Bloomberg News Friday in Sydney.