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The populist New Zealand First promised to restrict foreign investment and the sale of houses and farmland to New Zealand citizens and permanent residents. [11] Labour also campaigned on banning foreign speculators from buying existing houses, taxing property speculators, and making it easier for first-time buyers to purchase homes. [12]
The New Zealand government has passed a ban on foreigners buying existing homes in the country in a bid to tackle soaring prices and rising homelessness.
The redevelopment would leave 78 houses owned by Housing New Zealand and the rest sold privately. [54] The redevelopment process sparked over two years of protests and scores of arrests, including of Mana Party leader Hone Harawira. [55] In 2012 it closed Housing New Zealand's local offices to tenants and directed all enquiries to a call centre ...
The property bubble in New Zealand is a major national economic and social issue. Since the early 1990s, house prices in New Zealand have risen considerably faster than incomes, [1] putting increasing pressure on public housing providers as fewer households have access to housing on the private market.
House Hunt is a New Zealand reality television series about the New Zealand property market, which follows house-hunters looking to buy property. [1] [2] It airs on TV One. [3] Series director Robyn Paterson spoke on the Breakfast with Brian Kelly program on the Coast radio network in June 2015, just before the series aired. [4]
Unlike buying a house — where transactions can take weeks and even months to close — you can buy or sell shares in a REIT anytime you want throughout the trading day.
When records began in 1974, new homes in New Zealand had an average floor area of 120 m 2 (1,290 sq ft). Average new home sizes rose to peak at 200 m 2 (2,150 sq ft) in 2010, before falling to 158 m 2 (1,700 sq ft) in 2019. [17] In 1966 the New Zealand Encyclopedia recognised seven basic designs of New Zealand houses. [18]
The leaky homes crisis is an ongoing construction and legal crisis in New Zealand concerning timber-framed homes built from 1988 to 2004 that were not fully weather-tight. . The problems often include the decay of timber framing which, in extreme cases, have made buildings structurally unsou
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