House prices


PHOTO: BRADEN FASTIER Nelson is the fifth most expensive place to buy a home in the country according to figures from Quotable Value, which put the average value of a house in Nelson at $616,643 and at $598,826 in Tasman district.

House prices in the Nelson region continue their steady upwards march, despite a continued slowdown in the overall housing market.

The average value of a residential property in Nelson city sits at $616,643, compared to $609,985 in January, the latest Quotable Value House Price Index shows.

The rise of 2.5 per cent over the last three months and 8.9 per cent year-on-year, compares to increases of 0.5 and 2.6 per cent respectively nationwide.

Values in Tasman district have also continued to rise, climbing 1.6 per cent over the past three months and 6.4 per cent over the year to March, with the average value now $598,826.



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