More real estate investment from China

Juwai, China’s international property portal has hinted online, that real estate investors in the country are eyeing the New Zealand.

In other to curb the influx of foreign investment in the real sector in New Zealand, the government set up strict requirements for foreign investors which include a New Zealand bank account,IRD number and a tax identification number from their home country as well as passport.

Reports say within the first quarter of 2015, Chinese investors have spent over AU $10 billion in the real estate sector of Australia, with an intention to spend an additional $25 billion.