Why can't foreigners buy property in New Zealand?

It is no longer a news that foreigners don't have the right anymore to buy residential properties, this is just part of the measures put in place by Prime Minister Jacinda Ardern led government to curb the increasing rate at which foreigners are trooping into the country to buy houses at the detriment of the citizens, a report done by the government revealed house rent has increased by 30 percent.

However, this is not a complete ban on foreigners as there is still exception. The measure was taken at a time the activities of the foreigners towards buying of residential properties became too high as this was dragging the country into housing problem.

This move has been applauded by the citizens who think the development has rekindle their hope of owning a house. The law will definitely prevent foreign buyers from country like China from buying homes in New Zealand