In April, New Zealand’s government found itself in a bind. It had just relaunched its golden visa program, offering wealthy foreigners residency in exchange for a minimum NZ$5 million ($3 million) investment. But there was a major hitch: existing laws prevented those investors from buying a home to live in — undercutting one of the main draws of relocating.
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Why New Zealand Is Relaxing Its Property Rules for Rich Foreigners
