Articles tagged real estate

Updated

New Zealand house sales rose 6.6 percent in April, the biggest year-on-year increase in 23 months, as ongoing demand coupled with tighter inventory saw prices increase in 14 of 16 regions. Prices outside of Auckland have risen almost 50 percent in the last two and a half years.

Responding to the fallout from the Panama Papers and concerns it may hit New Zealand's reputation, the Government has decided to accelerate the previously stalled introduction of a second round of Anti-Money Laundering (AML) reforms, which would pull trust lawyers, solicitors and real estate agents into a tough and expensive regime designed to identify the source and legitimacy of funds.