IMF on NZ - says it doubts the ban on foreign buying of housing will help

IMF from its 'Article IV' statement on New Zealand

• Doubts NZ foreign buyer ban will help the housing market

Update - IMF saying foreign buying only a small part, removing it won't impact housing affordability

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I woulda thunk that removing a source of demand would have the effect of tending to lower prices. But what would I know ... (I suspect more than the IMF but I could be wrong)