New Zealand flood-risk homes gain value faster than safer properties
In New Zealand, property values for homes in flood zones are growing faster than nearby, unaffected areas. Analysts say buyers' appetite for a bargain is driving this unexpected trend.
In New Zealand, the value of homes in flood-prone areas is, contrary to expectations, rising faster than in nearby safe areas. According to RNZ Business, the trend has surprised analysts.
Experts say buyers' search for more affordable housing is fuelling the situation. Homes in flood zones are often listed at lower prices, which in turn boosts demand.
The trend raises questions about how climate risk is reflected in housing market prices. Analysts are watching how insurance costs and future risks may affect prices over the long term.
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