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Thread: Land Purchase

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  1. #1
    Join Date
    Sep 2004
    Location
    London, UK
    Posts
    45

    Default Land Purchase

    Hi All,

    Sorry, I know this has been posted before, but I can't find it.

    Does anyone know the limit on the amount of land/acreage that a non citizen can own/buy?

    Thanks.

  2. #2
    Join Date
    Sep 2004
    Location
    London, UK
    Posts
    45

    Default

    Found it:
    The govt. hasa a restriction for overseas/non resident buyers of 5 acres, am sure of that because we had to look into it as part of a proposed business venture. nothing to do with the mortgage companies

  3. #3
    Join Date
    Aug 2004
    Location
    Scotland to Waikato, Sept 05
    Posts
    171

    Default

    This one is of interest to me, too, as hubbie and I have just put in an offer on a block bigger than 5 acres.


    When we were doing the contract our lawyer did mention it (hubbie is a kiwi, I have residency), but reckoned we'd worry about it later...!!


    ie if we are successful buying the place I guess.


    I'll keep you posted!

  4. #4
    Join Date
    Aug 2004
    Location
    christchurch (formerly essex)
    Posts
    2,749

    Default

    if hubby is a kiwi he can buy as much as he likes.

    its only those on PR. citizenship status has no restrictions either.

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