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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
3 mins to read

Overseas investments into housing drop 81%

Overseas people acquired just 0.6% of homes transferred in the first quarter of 2019.

Andrew Bevin Thu, 02 May 2019

A sharp fall has been seen in sales of homes to overseas people in the March quarter in the wake of changes to the Overseas Investment Act.

The number of home transfers to overseas investors in the March quarter collapsed 81%.

According to Stats NZ, there were just 204 homes transferred to

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Andrew Bevin Thu, 02 May 2019
Contact the Writer: andrew@nbr.co.nz
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Overseas investments into housing drop 81%
Investment,Property,
79087
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