• Multiple property owners are fuelling an increasingly erratic Nelson housing market which will see prices continue to climb until the end of next year, according to recently released data.

New data released to Stuff by CoreLogic NZ shows that multiple property owners are snapping up almost 37 per cent of properties on the Nelson market. However, in July there were 35-40 per cent less houses on the market compared to this time last year.

READ MORE:
* ‘Desperate’ search for rental
* Why sellers are scarce
* Housing market ‘frenzy’

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MARTIN DE RUYTER
Investors may drop off after the Reserve Bank rule changes, which mean a 40 per cent deposit must be put down on homes.

READ MORE VIA STUFF