Expats in Thailand often complain about the country's ban on foreign ownership of land/houses.  Well it seems New Zealand is following the Thais and doing the same, largely for the same reasons....

 

[New Zealand's parliament has banned many foreigners from buying existing homes in the country - a move aimed at making properties more affordable.]

[New Zealand is facing a housing affordability crisis which has left home ownership out of reach for many.]

[Low interest rates, limited housing stock and immigration have driven up prices in recent years.]

 

https://www.bbc.com/news/world-asia-45199034

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