this post was submitted on 22 Jan 2025
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My last view yesterday of the US; one-way ticket. (lemmy.world)
submitted 22 hours ago by skeezix@lemmy.world to c/pics@lemmy.world
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[–] UnderpantsWeevil@lemmy.world 7 points 18 hours ago (1 children)

The world’s billionaires are heading back to NZ

BusinessDesk talked to real-estate agent Caleb Paterson, who works with a number of offshore agents and high net-worth individuals mainly out of the US and UK markets. He said interest had “definitely perked up” since National said it would repeal its ban on foreign buyers.

Foreign buyers, with the exception of Singaporean and Australian citizens, have been barred from owning NZ properties since 2018.

Assuming it makes up the next government, National’s plan would open the door to all foreign buyers to purchase NZ homes valued at more than $2 million, with a 15 per cent foreign buyer stamp surcharge clipped on, from the 2025 fiscal year.

Enjoy paradise while it lasts.

[–] fine_sandy_bottom@discuss.tchncs.de 1 points 14 hours ago (1 children)

These billionaires aren't going to pillage NZ.

[–] UnderpantsWeevil@lemmy.world 1 points 3 hours ago

It won't be like last time