THIS COUNTRY BANS SALES OF HOMES TO FOREIGNERS

Saying that New Zealanders were sick of being “tenants in our own land”, the New Zealand government has banned the sale of existing homes to foreign buyers, reports The Guardian. 

The ban has been put in place in a bid to make housing more affordable for locals with the assumption that supply would increase.

“This is to benefit New Zealanders who have their shoulder to the wheel of the New Zealand economy, pay tax here, have families here. We don’t think they should be outbid by wealthier people from overseas," an official was quoted as saying.

(Representative image)