New Zealand Considers Relaxing Home-Buying Ban for Rich Foreigners

New Zealand is considering letting some wealthy foreigners buy luxury homes, creating an exemption to the current ban on overseas buyers as it seeks to attract more high-net-worth investors.

The coalition government is expected to discuss the proposed change at a cabinet meeting on Monday, according to people familiar with the matter. If the measure is approved, an announcement would likely follow soon after, the people said.