Now playing Next world news New Zealand bans non-resident foreigners from buying homes New Zealand's government is banning non-resident foreigners from buying homes. The new law, which was passed yesterday, is part of a plan to bring down house prices and boost home ownership in the country. The move fulfils an election campaign pledge by the Labour Party-led government, 16/08/2018
Now playing Next Europe News Airbnb in breach of EU consumer rules The European Commission has announced that Airbnb's terms and conditions and its pricing policy is breaking EU rules. 16/07/2018
Now playing Next world news Italy is only EU country to see house prices fall in 2017: Eurostat House prices across the EU have risen by more than 10% since 2010, Eurostat revealed on Tuesday, but Italy remains an outlier — it is the only member state to have seen prices shrink last year. 10/07/2018
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Now playing Next Spain Palma bans apartment owners from renting to tourists Holiday rentals have pushed up prices for locals and one Spanish city has had enough. 24/04/2018
Now playing Next United Kingdom "Up to a third of millennials face renting from cradle to grave" Policy makers are being asked to make significant changes, as a new report suggests a third of Britain's young people will continue renting for the rest of their lives. 17/04/2018