Changes to the Overseas Investment Amendment Act 2018 have shaken up the investment climate for overseas investors in New Zealand’s residential property market
The Reserve Bank in its most recent Financial Stability Report warned that the “increasingly stretched Auckland market is at risk of a damaging correction, especially if economic conditions deteriorate. House prices now exceed nine times gross income in Auckland, placing it among the most expensive cities in the world”. But how is the situation impacting Auckland’s legal industry? Sasha Borissenko reports.
