New Zealand Updates Property Rules for High-Value Investors

New Zealand is adjusting its property laws to allow specific high-net-worth visa holders to purchase residential real estate. Effective March 6, 2026, individuals on the Active Investor Plus (AIP) visa, as well as legacy Investor 1 and 2 visa holders, can apply for streamlined consent to buy or build a single home. This change creates a narrow exception to the country’s general foreign buyer ban, specifically targeting those who have already committed significant capital to the local economy.

The policy applies to residential or lifestyle properties valued at over NZ$5 million. While the purchase doesn't count toward the visa’s primary investment requirements, it allows settled investors to own a primary residence, holiday home, or business base. The property must not exceed five hectares or include sensitive coastal land.

Who is eligible

This update specifically targets wealthy expats and investors rather than the general traveler.

• Active Investor Plus holders: Those who have committed NZ$5M to NZ$15M into New Zealand businesses.
• Legacy Investor 1 and 2 holders: Investors who have maintained their status or transitioned to permanent residency.
• Digital Nomads and Tourists: This group remains unaffected. General foreign buyer restrictions still apply to those on visitor or standard work visas.

The application process

Investors must apply through the Overseas Investment Office (OIO). The process is designed to be efficient, with most decisions expected within five working days. Applicants must meet "good character" and health requirements and confirm the purchase aligns with the national interest.

The application fee is NZ$2,040 for an existing home or NZ$3,500 if you plan to build. If you choose to build, you’ll need to provide progress reports and ensure the final value exceeds the NZ$5 million threshold. Only one property can be held under this exemption at a time; if you buy a second, the first must be sold.

Keep an eye on our nomad news for further visa updates as these rules go live.

Read our full New Zealand guide for the complete picture.