New Zealand experienced one of the biggest house price booms in the world during the pandemic. However, since prices peaked in late 2021, values in real inflation-adjusted terms have plummeted by more ...

Landslides hit a campground and a house in New Zealand and emergency crews were trying to rescue people buried in rubble, ...

WELLINGTON, New Zealand (AP) – New Zealand has banned most foreigners from buying homes as it tries to tackle runaway housing prices. The government on Wednesday passed legislation that allows only ...

WELLINGTON (Reuters) -New Zealand on Monday said it will open its housing market to wealthy foreigners who invest in local businesses, reversing a previous ban in expectation it will boost economic ...