Winston Peters: NZ First Leader on the changes to investment rules that allow foreign investors to buy property
New Zealand First Leader Winston Peters says he wasn't dragged kicking and screaming into a new foreign investors deal.
The Government’s approved changes to allow people with an investor residence visa to buy or build one home, starting at $5 million.
They’re required to invest an extra $5 million into the economy to qualify.
Peters told Mike Hosking he supports the changes and wants to make very clear it's not a change to the foreign buyers ban.
He says it's a change to investment rules to attract money to the country that we desperately need.
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