Residential houses are seen in Wellington, New Zealand, July 1, 2017. (Reuters file photo)WELLINGTON: New Zealand's new government is moving quickly to fulfill a campaign promise by banning foreign investors from buying homes. She said the government is determined to make it easier for New Zealanders to buy homes and to stop foreigners from driving up prices. Under the proposed legislation, Australians and foreigners who are New Zealand citizens or residents would be exempt. Foreigners could also continue to buy residential land to build new homes.

Source: Bangkok Post October 31, 2017 05:25 UTC