Even a few new high-net-worth residents buying homes would have a ‘significant impact’ on the luxury property market, analyst says
Since the relaunch of the Active Investor Plus (AIP) programme in April, the government has received some 200 applications for the fast-track residency initiative, according to Greener Pastures New Zealand. The top three sources of applications were the US with 85, mainland China with 26 and Hong Kong with 24, according to data compiled by the government-recognised AIP advisory and fund manager based in Tauranga, north of the capital, Wellington.
Although investing in residential property does not qualify for the scheme, those whose applications are approved will be able to buy homes for their own use.
Your personal data will be processed and information from your device (cookies, unique identifiers, and other device data) may be stored by, accessed by and shared with 88 TCF vendor(s) and 20 ad partner(s), or used specifically by this site or app.
Some vendors may process your personal data on the basis of legitimate interest, which you can object to by managing your options below. Look for a link at the bottom of this page or in the site menu to manage or withdraw consent in privacy and cookie settings.
