New Zealand Bans Non-Residents From Buying Homes

New Zealand’s parliament yesterday voted 63-57 in favor of passing the Overseas Investment Amendment Bill. The law makes it illegal for foreigners not formally resident in the country to purchase existing homes. With the exception of Australians and Singaporeans – who are exempt from the new rules thanks to free trade agreements – foreigners will

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Canadian Immigrant Investor Myth #2: The Chinese Are Driving Up Property Prices

By Stephane Tajick Is there a form of discrimination in our targeting of wealthy Chinese looking people in Canada? Are all Asian-looking people with money foreign Chinese investors or is it possible that we also put Canadian citizens and permanent residents of Asian ancestry with a bit of money in the same bag because some

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Citizenship by Investment is Turning Limassol into the High-Rise Capital of the Mediterranean

Cyprus’ Limassol is on the verge of boasting one of the most imposing skylines in Europe, and the tallest by far in the Mediterranean, on the back of financing from the country’s citizenship and residence by investment programs. Non-EU nationals can qualify for Cypriot citizenship through a real estate investment of €2 million, while a €300,000 investment

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Opinion: Rich Chinese driving up Canadian property prices – Myth or reality?

By Stephane Tajick In recent decades, property prices have been surging to record heights in both Vancouver and Toronto. Inhabitants in both cities have been voicing concerns about the growing unaffordability of housing. In Vancouver and Toronto, it’s commonly believed that rich Chinese are the main cause of the surge in property prices. The myth

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Lawyer who fled UK jail-sentence now accused of €6 million Golden Visa fraud in Portugal

A prominent Portuguese lawyer has been arrested by the Judicial Police on suspicions of having defrauded Golden Visa applicants from China, South Africa and Brazil of at least €6 million. 59-year old Maria Antónia Cameira is also accused of forging documents and “good old fashioned money laundering”. According to a report in Algarve Daily News, Cameira would

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