Foreigners are set to be banned from buying houses in New Zealand as part of a phase of new policies outlined by Prime Minister-elect Jacinda Ardern.
The 37-year-old, who was elected as part of a coalition government on 23 September, said the new plan was designed to stop rising house prices and will apply to non-residents.
‘We have agreed on banning the purchase of existing homes by foreign buyers,” said Ms Ardern, according to AFP.
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