PHOTO:SUPPLIED Most sales of forest land involve a foreign investor selling to another foreign entity.
Recent land sales to foreigners show it is “business as usual” after an easing off in 2017, watchdog Campaign Against Foreign Control in Aotearoa says.
In late 2017 the Government tightened up the rules over farmland, forcing any sale of more than five hectares to undergo scrutiny by the Overseas Investment Office before it could be approved.
Land Information Minister Eugenie Sage said it was a privilege, not a right, for overseas owners to purchase New Zealand farmland.
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