Nelson city has long had a problem with its shortage of land. Real estate agents and property developers say the land supply shortage is a dominant influence on the high level of competition in the Nelson property market and is pushing other buyers to outlying areas.
Building new homes in Nelson city is constrained in terms of land, the topography, ground conditions and infrastructure. However peopl continue to be attracted to new house builds for the combination of warmth, maintenance, and design preferences they offer. Most people also expect to make capital gains when they build their own home, making it a sensible financial option.
Wakatu property general manager Iain Sheves said new building developments in Nelson in areas such as Richmond and Motueka, could not be built fast enough.
From January to July of last year, over 40 sections of land had been sold "unconditionally" in Nelson, from Stoke to Atawhai, according to the Real Estate Institute of New Zealand statistics.
The Nelson-Tasman region has seen a 16 per cent jump in building consents this financial year, according to Building and Construction Industry Training Organisation (BCITO) statistics.
If you're ready to build your new dream home, talk to local Nelson builders You Build. They'll guide you through the whole building process, looking after you and your project from the initial build concept to the final sign off.