OVERSEAS PEOPLE CAN’T BUY RESIDENTIAL PROPERTY FROM 22 OCTOBER 2018 WITHOUT GOVERNMENT CONSENT
The Overseas Investment Amendment Act 2018 (“Act”) will take effect on 22 October 2018. The Act will prevent overseas people from buying residential property in New Zealand without Government consent by bringing “residential land” into the definition of “sensitive land” in the Overseas Investment Act 2005. Overseas people who buy residential property in New Zealand…
Written by:
Michelle Urquhart