scoop.co.nz 18 Mar, 2021 00:30 am

GDP Down - Let’s Harness NZ’s Winning, Covid-free Status

GDP Down - Let’s Harness NZ’s Winning, Covid-free Status
“There’s a lot of talk about how to orchestrate a supposed soft-landing for the property market if domestic demand starts weakening. The answer could lie in carefully easing the foreign buyer ban - even temporarily or for specific regions ...

“There’s a lot of talk about how to orchestrate a supposed soft-landing for the property market if domestic demand starts weakening.At the same time, public servants have been tasked with dreaming up new policies and stimulus initiatives to ensure the Kiwi property market keeps ticking away.With GDP down, and concerns that Kiwis have so much invested in the property market, let’s look at strategically reopening the door to foreign buyers for at least some parts of the country,” she says.The Century 21 leader says with Queenstown facing a post-pandemic economic crisis, an injection of offshore investment in that property market would make a real difference.

“Not only are we viewed as a safe haven, but so too is our property market.The answer could lie in carefully easing the foreign buyer ban - even temporarily or for specific regions or housing stock,” says Derryn Mayne, Owner of Century 21 New Zealand.

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