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How can foreign investors purchase real estate in New Zealand?

I heard that the government of New Zealand is considering restricting real estate purchases from foreigners. Does this apply to foreign citizens who hold visas or permanent residency in New Zealand? If so, when can the details be expected to come out?

  • Global Immigration Services NZ
    December 18, 2019

    Foreign nationals cannot own real estate in New Zealand. However, once you become a resident you can own real estate, but this cannot be used as part of your investment in New Zealand.

  • December 19, 2019

    If you have a resident or permanent resident visa, you can still purchase real estate. Real estate purchases are also still on the list of acceptable investments for the Investor category, both for residential property developments and commercial property. Investments for personal use are not acceptable.