Mirroring whats happening in other centres like Auckland, preliminary data as reported by REINZ shows that Nelson volumes are up 35% on a year to year basis.
The chart shows quite a bit more green than we’ve been accustomed to in recent months. In fact volume, ex residential sections, was up 35% from March 08.
There is also plenty of evidence that investors are back, and many from out of town too. Final figures will be published by the Real Estate Institute within the next week or so, if there are some stragglers to yet make up the final figures, we’ll know then.