PHOTO: SUPPLIED The sale of Mt White Station accounted for most of the Crown leasehold land sold to an overseas investor this year.

Foreigners are still spending up large on Kiwi land and businesses despite tightened rules by the Labour-led Government.

So far this year the 76 investments worth a net $2.5 billion have been approved by the Overseas Investment Office, up from $2b last year across 77 deals. House sales are not included.

The amount of freehold land sold to foreigners was down almost half on last year at 9964 hectares.




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