Changes to the Overseas Investment Amendment Act 2018 have shaken up the investment climate for overseas investors in New Zealand’s residential property market. The new restrictions to the Overseas Investment Act have made it virtually impossible to acquire residential land in New Zealand to live in.
NZ Lawyer speaks to leading experts at Kensington Swan to find out the pros and cons and what it all means.
This article discusses:
- Challenges of the new regime
- The effect on high net-worth New Zealanders
- Possibilities going forward
Download the article here.