Foreigners face ban on buying homes in New Zealand after apocalypse bolthole fad hikes prices

The Telegraph | 8/10/2018 | Charlotte Graham-McLay,
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Foreigners are to be banned from buying homes in New Zealand after a spate of millionaires seeking luxury doomsday boltholes has apparently crowded out local buyers and pushed up property prices.

Following purchases by rich expats, including tech billionaire Peter Thiel - PayPal founder and early Facebook investor - and disgraced former NBC host Matt Lauer, who lost his job after allegations of sexual misconduct - the New Zealand government is preparing to crack down on the trend.

New - Zealand - Allure - Planning - Space

New Zealand's allure for the mega-rich planning a safe space to ride out the apocalypse has become almost a cliche in recent years. LinkedIn co-founder Reid Hoffman told The New Yorker last year: "Saying...
(Excerpt) Read more at: The Telegraph
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