‘New Zealand no longer for sale’: New Kiwi government announces plan to BAN foreigners from buying property

Foreigners are set to be banned from buying houses in New Zealand as part of new policies unveiled by Prime Minister-elect Jacinda Ardern.

Ms Ardern said the policy was designed to stop soaring house prices and will apply to non-residents, according to AFP.

‘We have agreed on banning the purchase of existing homes by foreign buyers,’ she said.

The new policy was one of a raft unveiled on Tuesday as part of negotiations between’s Ms Ardern’s Labour party and coalition partners New Zealand First and the Greens.

Populist powerbroker Winston Peters – who campaigned on decreasing immigration – said New Zealand was ‘no longer for sale’.

Populist powerbroker Winston Peters – who campaigned on decreasing immigration – said New Zealand was ‘no longer for sale’

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