Mark Harris: Sotheby's International Reality Managing Director on foreign buyer ban

Heather du Plessis-Allan Drive

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9d ago 3:41

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National promised in the last election to allow foreigners to buy $2m-plus properties - reversing a ban introduced by the previous Labour government – with exceptions for Australians and Singaporeans.

However, this was vetoed by National’s coalition partner - New Zealand First.

Sotheby's NZ Managing Director Mark Harris told Heather du Plessis-Allan “New Zealand’s always been of interest – but there’s definitely been a lot of interest of late.”

Harris said “We’re half-expecting that there might be an announcement that there might be some easing of the foreign buyer rule.”

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