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New Zealand bans foreigners from buying property

Buying a home in New Zealand just got a lot tougher for most people. The country’s parliament on Wednesday passed a law banning foreigners from buying into most parts of its residential property market as the government seeks to cool red-hot house prices. The Overseas Investment Amendment Bill will prevent overseas investors from purchasing existing […]

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Earthquake-prone Buildings Identified

Auckland Council is anticipating challenges from building owners whose properties are identified as earthquake-prone. From November onwards, proprietors of approximately 1800 earthquake-prone buildings in Auckland are going to receive letters of notification which will inform them of their building’s status. Owners of such buildings will either be added to a national register and undergo the […]

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