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Fri 24th Aug 2018

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New Zealand bans foreigners from buying homes

New Zealand has banned foreigners from buying homes as it tries to tackle runaway housing prices. Previously the housing market was open to investors worldwide, but the New Zealand government on Wednesday 15th August 2018 passed legislation that allows only New Zealand residents to buy homes.

SVG Green Party believes that SVG must ban the sale of lands to foreigners too, as is the case in also in Georgia, Cuba, Thailand, Singapore, Sri Lanka and many other countries.

In recent years, there have been many anecdotal stories of wealthy foreigners from Silicon Valley and beyond buying ranches in picturesque rural New Zealand as a "bolt hole" or escape option from a turbulent world.

In the past couple of decades, thousands of acres of land in SVG have been sold to foreigners. SVG has been besieged by white foreigners taking our land. This outrageous and must be stopped.

Statistics indicate about 3 percent of New Zealand homes are being sold to foreigners, but the amount rises to 5 percent in the scenic Queenstown region and 22 percent in central Auckland. The New Zealand government says there is no doubt that foreigners are driving up prices, and the only question that remains is by how much.

Foreigners in SVG are pushing up the price of land in SVG too. Many Vincentians expressed their deep concern about the selling of hundreds of acres of land in Peter’s Hope, South Leeward, to foreigners. They say that this will make it harder for their children and grandchildren to buy land in SVG and that Vincentian children are being pushed out of their own country.

"We're here today to take another step toward restoring the great New Zealand dream of home ownership," said David Parker, the associate finance minister. He said it was the birth-right of New Zealanders to buy homes at a fair price.

It is the birth-right too of Vincentians to be able to buy land in their own country. However, we have lost too much land to rich, white foreigners and these rich, white foreigners are stealing the birth-right of Vincentians.

"This government believes that New Zealanders should not be outbid by wealthier foreign buyers," Mr Parker said. "Whether it's a beautiful lakeside or oceanfront estate, or a modest suburban house, this law ensures that the market for our homes is set in New Zealand, not on the international market."

Warrant Officer Ivan O’Neal BSc (hons), MSc, MBA, Leader of SVG Green Party, strongly congratulates the New Zealand government in taking this very important and historic decision to ban the sale of land to foreigners.

In SVG's struggle for independence, thousands of Vincentians gave their lives fighting for our basic rights and freedoms. We should not pay back our national hero, Chatoyer, by selling our lands to foreigners and giving the country away to modern-day colonialist. We must ban the sale of land to foreigners immediately.

Let the White Migrants in Mustique get a strong message: their illegal occupation of Mustique by the outrageous and highly corrupt Mustique Act No 48 of 2002 is wrong.

Our young people must inherit and own our country. A Green government would take back the land sold to foreigners and distribute it to the people of SVG. We do not support economic citizenship either.

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