Calls increase in New Zealand to follow Oz crackdown on foreign property buyers

Australia is cracking down on foreign real estate buyers as they price ordinary people out of the real estate market and now calls for a similar move are being voiced in New Zealand.

Earlier this week prime minister Kevin Rudd confirmed that new rules will be brought in for foreign buyers which will mean they have to sell any property they own if they leave the country as a direct result of concerns that ordinary Australians cannot afford to buy a home.

Read more here> http://www.propertywire.com/news/australasia/-crackdown-on-property-buyers-201004304092.html