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New Zealand's government has announced a ban on the currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply of homes by foreigners. Soon-to-be Prime Minister Jacinda Ardern announced on Tuesday that the ban would begin in early 2018. The currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply is to address the currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply housing crisis in New Zealand. For the past currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply decades, overseas buyers have been snapping up houses as currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply or for holiday homes in New Zealand. This has created an increased currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply for properties, which has seen house currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply soar. Prices have risen by more than 50 per cent in the last currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply. New Zealanders are up in arms at the inflated prices they now have to pay to buy a home. Many citizens have currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply been priced out of the market and cannot afford to get on the housing currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply.

Ms Ardern expressed her currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply to end the practice of overseas investment increasing property prices. She said: "We are determined to make it currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply for Kiwis to buy their first home, so we are stopping foreign currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply buying houses and driving up prices. Kiwis should not be outbid like this." However, the new currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply will not apply to Australians. Furthermore, overseas currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply will still be able to buy land. Ardern said the changes would not stop non-residents or non-citizens from buying residential currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply to build a house on. She stated: "Our currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply has always been that if you're adding to currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply…then you will be able to build." Ardern said she hopes the ban will "take some of the currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply" out of the property currentdecadedemanddeterminationeasierfewheatinvestmentsinvestorsladderlandmarketmeasurepositionpricespurchasesimplyspeculatorssupply.