New Zealand allows wealthy foreigners to buy or build homes worth at least $5M to boost economy.

New Zealand's government plans to allow wealthy foreign investors to buy homes worth at least NZ$5 million, reversing a previous ban. The new policy aims to boost the economy by attracting high-net-worth individuals. Investors must hold an Active Investor Plus residency visa and invest a minimum of NZ$5 million in the country. Critics argue this move will exacerbate housing affordability issues for New Zealanders.