The New Zealand government is placing a bottleneck on the nation’s overheating housing market after the price of housing grew exponentially, making it one of the most unaffordable real estate markets in the world. The policy change by the Ardern government was announced on Tuesday and will involve a series of measures which include raising taxes for investors, providing additional support for first home buyers, an extension of the bright-line test, and an infrastructure package. NZ Prime Minister Jacinda Ardern said that the housing crisis is a problem that has been decades in the making, and it will take time to turn around. However, she believes these measures will make a difference. “There is no silver bullet, but combined, all of these measures will start to make a difference,” Ardern said. Finance Minister Grant Robertson said in a statement that the New Zealand housing market has become the least affordable in the …