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PHOTO: MARTIN DE RUYTER/STUFF – There’s an apparent undersupply of new homes in the overall combined Nelson-Tasman market, according to a new report.
Just 10 people or companies own almost two-thirds of the undeveloped residential-zoned land in the Nelson-Richmond area, a Government indicator reveals.
The land ownership concentration indicator from the Ministry of Business Innovation and Employment (MBIE) shows those 10 people or companies own close to 65 per cent of the undeveloped residential-zoned land in the “Nelson Urban Area”, which includes most of Nelson city, Richmond, Aniseed Hill, Bell Island, Best Island, Hope and Ranzau.
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