Yes the title is correct, New Zealand, with one of the world’s most liberal and open regimes for overseas property investment may be planning on liberalizing still further.
New Zealand allows any overseas investor to buy most properties. Any existing or new build domestic property can be bought as an investor. Most investors will not have too much trouble getting local finance either, although with a significant deposit of 20% plus.
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New Zealand company Bayley’s Real Estate is increasing its presence in key South-East Asian countries as interest in New Zealand property increases among Asian overseas property investors.
According to the New Zealand Herald Bayley’s are focusing on China, Hong Kong and Singapore investors and a promoting a mixture of more expensive New Zealand property including commercial, industrial, rural and coastal listings.
Changes in Australian’s Federal government regulations means that it is now easier for overseas investors in invest in Australian holiday units. We’ve discussed before that Australia is quite restrictive about what type of property an overseas investor can buy in Australia can purchase – restricting them to basically new built property.
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