New Zealand to ban foreigners buying homes!

August 13, 2018

This is some headline which may sound a bit severe, but does New Zealand have a good point and further more, are they putting the interest of their own in front of those from abroad?

Certainly here in the UK, and with its current government, it would appear that those looking to migrate to our country and how we should be bowing down to the likes of the EU takes president over any sorting out of growing issues at home and unrest amongst its population, but New Zealand it seems are looking in to new ways to secure itself a better future.

Property, for sure a big issue with affordability in the UK, is a topic that New Zealand are wishing to address in relation to capping the growing increased pricing thanks to what it says is a ‘spate of millionaires creating luxury doomsday bunkers‘ (full report from Daily Mail). The blame is being placed on wealthy individuals investing in New Zealand as a safe location to include recent purchases from the likes of PayPal founder Peter Thiel. The government plan to enforce the ban very soon in hope that it will lead to a decrease in property prices – This will be added to with a plan to build 100,000 affordable housing units over a period of a decade (also helping to pin up its failing construction sector).

So will banning the foreign super rich and famous from purchasing a safe house in New Zealand, should the world see a new war or even apocalypse, help to bring property prices across all budgets to a level that everyday hard working folk can afford them?

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Estate Agent Talk

Dolphin v Beauchamp Estates v Hudsons – Elite Apartment Rental Options in London SW1

London has long been known as a potpourri of diverse cultures, lending it a whimsical charm while being a major global hub. Renowned for its juxtaposition between modernity and royal heritage, it’s a unique blend of ancient landmarks and contemporary living. You’ll find avant-garde architecture sitting comfortably alongside historic streets and vibrant neighbourhoods. While the…
Read More →
Christmas Decorations - Good or Bad for Selling
Breaking News

Stay secure this Christmas: Home security tips for high-value homes

High value home insurance specialists, Stanhope, are warning homeowners to be especially careful this Christmas. “It’s a busy time for everyone, including burglars,” says Director, Matthew Ashton, who highlights why high value homes are particularly vulnerable and what to do about it. “High value homes are easy to identify thanks to tell-tale signs of wealth…
Read More →
Letting Agent Talk

Six months on: How the new anti money laundering regulations are reshaping the lettings market

Six months have passed since the anti-money laundering (AML) rules came into effect, bringing mandatory financial sanctions checks into every area of the lettings market. When the changes were first introduced, many landlords were surprised by the breadth and immediacy of the requirements. Half a year on, the sector is now seeing how the industry…
Read More →
Breaking News

Private rent and house prices, UK: December 2025

Main Points Average UK monthly private rents increased by 4.4%, to £1,366, in the 12 months to November 2025 (provisional estimate); this annual growth rate is down from 5.0% in the 12 months to October 2025. Average rents increased to £1,422 (4.4%) in England, £820 (6.1%) in Wales, and £1,012 (3.3%) in Scotland, in the…
Read More →
Breaking News

Breaking Property News 17/12/25

Daily bite-sized proptech and property news in partnership with Proptech-X. How to get Proptechs from MVP to EXIT Reporter Zara S. Proptech has spent years trying to prove its relevance to the property industry. New platforms appear daily, capital flows in cycles, and “disruption” is promised more often than it is delivered. What is far less…
Read More →
Estate Agent Talk

Why Real Estate Pros Should Care About the RoHS Directive in Smart Home Tech

Some of the tasks that real estate pros perform nowadays include negotiating and posting, and checking houses on property listings. You also have to deal with buyers who expect “smart-everything,” landlords who want long-term reliability, and tenants who care about safety and sustainability. In the middle of these expectations, there’s rohs directive. Why should you…
Read More →