New Zealand housing crisis sparks human rights inquiry ...Middle East

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New Zealand housing crisis sparks human rights inquiry
source : Devdiscourse ( Middle East ) () 15
New Zealand's housing crisis is having a "punishing impact" on marginalised communities and leaving many people homeless, the human rights commission said on Monday as it launched an inquiry into the country's red-hot property market. A raft of cooling measures enforced by Prime Minister Jacinda Ardern earlier this year has had no impact on runaway house prices in New Zealand, as investors cashed in on historically low interest rates and cheap access to capital under the government's pandemic-inspired stimulus spending.

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