New Zealand bans the sale of homes to foreign buyers

NZ leader announces that "We have agreed on banning the purchase of existing homes by foreign buyers"

"It cannot be right that it is as easy for individuals who don’t live in the UK, as well as foreign based companies, to buy homes as hard working British residents" says the Prime Minister

UK nationals among top buyers as annual overseas investment soars 72%; Miami, Manhattan and LA accounting for 40% of all non-resident buyer transactions over $1m