27 Jun 2018

ASB says foreign house ownership up to 21%

From The Panel, 4:15 pm on 27 June 2018

Analysis by ASB has found somewhere between 11 and 21 per cent of New Zealand residential property has been bought by foreign buyers. This is quite a hike up from Statistics New Zealand's estimate of three per cent. ASB economist Mark Smith explains how his analysis could be vastly different from that of Statistics New Zealand and if he's right - how has this affected house prices?