New Zealand to ban foreign home buyers

My students and I studied yesterday in my class how the New Zealand's government has announced a ban on the purchase of homes by foreigners. Soon-to-be Prime Minister Jacinda Ardern announced on Tuesday that the ban would begin in early 2018. The measure is to address the current housing crisis in New Zealand. For the past few decades, overseas buyers have been snapping up houses as investments or for holiday homes in New Zealand.