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That's not correct. >New Zealand’s overseas investment legislation only affects transactions that include sensitive New Zealand assets, including land that is
by FooHentai 9y ago
That's not correct.
>New Zealand’s overseas investment legislation only affects transactions that include sensitive New Zealand assets, including land that is considered sensitive.
https://www.linz.govt.nz/regulatory/overseas-investment/find-out-if-you-need-consent-invest-new-zealand/answers-about-overseas-investment https://www.linz.govt.nz/regulatory/overseas-investment/find...
- contingencies 9y agoSensitive includes half the country, eg. anything naturalesque with "covenants", government proximity, foreshores, historical sites, etc. Source: Real estate expedition to NZ, 2015.
- FooHentai 9y agoDoesn't particularly include urban residential.
- FooHentai 9y agoUpdate: It's about to mean a lot more: https://www.stuff.co.nz/national/politics/98417459/labour-will-make-all-existing-homes-sensitive-effectively-banning-foreign-buyers https://www.stuff.co.nz/national/politics/98417459/labour-wi...