PHOTO: BRADEN FASTIEROn the day before lockdown, there were 148 rental properties listed on TradeMe. Of these, 39 were short-term rentals.
A glut of former holiday lets entering the residential property rental market might be short lived, advocates fear.
For the last few years, finding a rental property in Nelson has grown more and more difficult.
However, when coronavirus self-isolation rules began to impact tourist numbers in mid March, the rental market flooded with Airbnb properties as property investors began to list their holiday rentals on TradeMe as short and long-term lets.
Will homeowners go under?
The phenomenon was reflected in Nelson: on the day before the country went into lockdown, there were 148 rental properties listed on TradeMe. Of these, 39 were short-term rentals, with most specifying an end date between October and December. Sixteen of the properties were also listed on holiday rental sites like Airbnb.
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