China has just relaxed capital controls for the first time this year and the business which ranks New Zealand as one of the most popular countries for house buyers based in China said that could have a big impact on global markets.
Jane Lu, head of Australia for Juwai.com - which says it is the main international property web site for Chinese international property buyers - said that marked an enormous change.
New Zealand ranks sixth most popular for house buyers based in China, after the United States, Australia, Thailand, Canada, and the United Kingdom, Lu told the Herald last month.
"We expect 2017 to be one of the two or three biggest years yet on record for Chinese international real estate acquisitions.
"China is reversing a range of measures it has put in place to support its currency," Juwai said.