Legislative changes to support NZ's build-to-rent housing sector

New Law Opens Doors for Overseas Investment in Build-to-Rent (BTR) Developments

The New Zealand Government has passed the Overseas Investment (Facilitating Build-to-Rent Developments) Amendment Bill (Bill) to support overseas investment in the Build-to-Rent (BTR) housing sector. This new piece of legislation aims to increase housing supply and provide more secure, affordable and quality rental options for New Zealanders.

What is Build-to-Rent (BTR)?

Although relatively new in New Zealand, BTR developments are a well-established accommodation offering in overseas markets and typically consist of medium-to-large scale rental properties. These developments appeal to tenants by providing stable, long-term, good quality rental options, which in turn helps to maintain a steady demand for BTR properties. With the new legislation in place, the BTR sector in New Zealand is set for significant growth, benefiting both investors and tenants.