New Zealand is banning from buying houses. The ban will start in 2018. The is to tackle the housing . For the past , overseas buyers have been buying houses as . This has increased , which has increased house prices by over 50 per cent in ten . New Zealanders are they have to pay more to buy a home. Many are priced out of the market. They cannot get on the housing .
The wants to stop investors increasing house prices and make it for Kiwis to buy a . It said: "We are stopping foreign buying houses and driving up prices." Overseas investors will still be able to buy land to build on. The government stated: "Our has always been that if you're adding to …then you will be able to build." It hopes the ban will "take some of the " out of the house .
