Information on the number of foreigners buying New Zealand residential properties will soon be released. A spokesperson for Land Information New Zealand Minister, Louise Upston, said the data would be out this month. "LINZ is working to release data on property transfers and tax residency later this month," the spokesperson said. "This data has been collected as a result of the 2015 property tax law change." However, the first set of figures might be somewhat skewed towards the lower end of the scale. That is because the property transactions could be dated before the new regime came into effect. "For several months following the law change, high numbers of buyers and sellers have not had to provide the new information as their sale and purchase agreement was dated before the law change came into force, that is before October 1, 2015. Because of this, we have gathered information for a six-month period. This gives us a larger sample size," Upston's spokesperson said.
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