this post was submitted on 25 Sep 2023
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Spike in interest in Kiwi homes from United Arab Emirates (www.stuff.co.nz)
submitted 1 year ago by luthis to c/newzealand
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"Interest in Kiwi homes from the United Arab Emirates has increased sharply ​ in the weeks following National’s proposal to lift the foreign buyers ban on high-end homes"

National was going to allow foreign investment into the housing market??? Yeah, that's really going to help with our crises. I get it's only 'high-end homes' but more buyers inevitably means less supply.

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[–] TagMeInSkipIGotThis 2 points 1 year ago (1 children)

Lol, are Sotheby's not part of the real estate industry that has been donating quite heavily to National this cycle?

Meanwhile news from China is that their middle class are desperately trying to sell off foreign houses due to the state of their economy. They're mostly in SEA, but if the middle class are struggling their rich folk might not be doing great either.

[–] luthis 2 points 1 year ago

I know things are heading downward quite fast in China. I wonder if selling off investments here will change the market much