More overseas people selling than buying homes

  • May 01, 2020 NZST
  • Team Kalkine
More overseas people selling than buying homes

As per Stats NZ, people who are not the citizens of New Zealand or a resident visa holder transferred or sold more homes in New Zealand than they bought or acquired in the March 2020 quarter.

  • Less than 700 homes were transferred to people without NZ citizenship or resident visa, down from more than 2,900 in the year ended March 2019;
  • The number of transfers from overseas people remained relatively stable at almost 1,300 in the year to March 2020, with over 600 more sellers than buyers in the past 12 months.

 


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