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.”

LISTEN ABOVE.

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.” 
LISTEN ABOVE.

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

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