Should only New Zealanders be able to buy NZ land?

Photo / Sarah Ivey

Real estate firms are increasingly turning offshore to secure sales amid a drought of willing buyers in the New Zealand market.

Harcourts says a six-day expo of more than $800 million worth of premier New Zealand property in Shanghai is generating "serious interest" from VIPs in China with a number of offers already been made.

Harcourts' franchise Cooper & Co on Auckland's North Shore is marketing a portfolio of 57 residential, lifestyle, rural and commercial property and development projects to a more than 1200 Chinese millionaires and billionaires interested in investing or immigrating here.

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