Why do countries such as New Zealand restrict foreigners from buying houses?

The policy of prohibiting foreigners from buying houses, which the new ruling party has been promoting since the beginning of the election campaign, has finally come out, and the whole policy is bound to bring great impact to New Zealand overseas investors and New Zealand investors. In recent ten years, many investors in New Zealand have brought huge profits with the help of the growth of real estate, which has also made the surrounding industries of real estate grow rapidly. The new ruling party led by New Zealanders has introduced a purchase restriction policy to prevent overseas buyers from raising house prices and affecting local demand in New Zealand (this reminds me of the 20 12 milk powder export policy.

The policy of restricting overseas home purchase is named "house purchase priority". New Zealand is a country without hierarchy. In order to give priority to the elected New Zealanders, they also learn from the United States and classify outsiders and their own people. Bian Xiao has limited experience and is not very optimistic about this grading system. Let's not talk nonsense. Let's take a look at the first draft of "house purchase priority":

First-class buyers, New Zealand citizens, Australian citizens, buy houses directly without approval;

Second-class buyers, New Zealand permanent residents and Australian permanent residents, can buy houses directly, provided that they have lived in New Zealand in the past year. (The criterion for living in New Zealand in the past year is that you have lived in New Zealand for 65,438+083 days in the past 65,438+02 months.)

The third type of buyers, permanent residents of New Zealand or Australia who have lived for less than 1 year, and other non-permanent residents of New Zealand, can buy a house only after being reviewed by the Overseas Investment Office.

The above-mentioned other non-permanent residence visas include work visas, entrepreneurial immigrant work visas and resident visas under the categories of skilled immigrants and investment immigrants, as well as special visas for spouses, parents' reunion, minor children, refugees, Samoa and Pacific island countries. But it does not include short-term (temporary) work visas and student visas.

The fourth type of buyers, who use companies and trusts to purchase houses, need to pass the examination and approval before buying houses if the foreign shares of companies and trusts are above 25%.

The fifth category of property buyers, local foreigners and overseas property buyers, cannot buy second-hand houses in principle unless the new houses are demolished and sold; You can buy an apartment faster, but you can't live by yourself after buying it.

Look at your ranking. Instead of completely rejecting overseas buyers across the board, I will give you a ranking. I think the overseas investment office should be able to increase the employment rate. Bian Xiao thinks New Zealand should consider it. What is New Zealand's ranking in the eyes of overseas investors? An embarrassing policy of closing overseas investment will not only have an impact on real estate, but this butterfly effect will soon sting all industries in this country with a population of 4.8 million.