Super rich Americans buying land in New Zealand as 'bolthole' from apocalypseIAIN MCGREGOR/FAIRFAX NZ Looking towards Queenstown from the Crown Range. Wealthy Americans buying property in New Zealand see the country as a "bolthole" in the event of a catastrophe, a Queenstown real estate executive says. "Queenstown is seen as a bolthole for the future if things do turn to the worse in the world," he said. IAIN MCGREGOR/FAIRFAX NZ Looking towards Queenstown and Lake Wakitipu from the skyline gondola. The trend for wealthy Americans investing in Kiwi property as "apocalypse insurance" was investigated by the New Yorker magazine.

Source: Stuff January 24, 2017 08:38 UTC