Anthony Mosinkhof: Forbes Global real estate agent on the impact of the Government loosening the foreign buyers' ban
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
A luxury real estate agent says there's huge interest only in two areas of New Zealand, with the Government's planned loosening of the foreign buyers ban.
By next year, Active Investor Plus visa holders will be able to build or buy homes worth at least $5 million.
They’ll still need to invest another $5 million separately to qualify.
Forbes Global's Anthony Mosinkhof says Auckland and Queenstown are the main options for foreign buyers.
"The problem with this legislation is - the concentration of these buyers will be diverted to those two areas. It's a little bit of a shame that they aren't able to put more into the regions."
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