Fears that China is gobbling up New Zealand land are misplaced, official figures show. Americans, Canadians and even Liechtensteinians are buying far more land. Figures released by the Overseas Investment Office show that of the 872,313 hectares of gross land sold to foreign interests over the past five years, only 223ha were sold to Chinese. People from the landlocked principality of Liechtenstein had purchased 10 times more land than the Chinese - 2,144ha in the same period. The top buyers were the United States, Canada, United Kingdom, Australia and Israel. The United States had 194 purchases for a total of 193,208ha.
Posted on: Tue, 27 Jan 2015 20:58:37 +0000
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