Official figures suggest foreigners, mostly from China and neighbouring Australia, only account for 3% of the homes bought nationwide, though the data does not capture property purchases made through trusts and corporate entities. "The data clearly shows buyers from China have been anxious to complete their transactions in advance of the rules," said Carrie Law, CEO and Director of Juwai.com. "In the long run, rules for work visas and permanent residency are more important for Chinese buying in New Zealand than are foreign buyer restrictions. Most Chinese buyers here are purchasing for their own use while living in New Zealand," she said, reports The Guardian (22 October 2018).