National promised in the last election to allow foreigners to buy $2m-plus properties - reversing a ban introduced by the previous Labour government – with exceptions for Australians and Singaporeans. 

However, this was vetoed by National’s coalition partner - New Zealand First. 

Sotheby's NZ Managing Director Mark Harris told Heather du Plessis-Allan “New Zealand’s always been of interest – but there’s definitely been a lot of interest of late.” 

Harris said “We’re half-expecting that there might be an announcement that there might be some easing of the foreign buyer rule.” 

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