New data shows that foreign buyers are not using companies to get around rules that will prevent them from buying New Zealand houses, reported New Zealand website Stuff (9 August 2019). Chinese real estate website Juwai.com chief executive Georg Chmiel said the ban was expected to cause a "flood of foreign buyers" setting up corporations to avoid it, but this had not happened. "For many Chinese buyers, New Zealand is very appealing. The buyer who wants to replicate the big-city experience they can get at home in Beijing, Shenzhen or Shanghai won't come here," Chmiel said.
