BUSINESSSCMP CHINA
Bargain homes are to be had in New Zealand but here’s the catch: floods
New Zealand's flood-prone homes are outperforming the broader housing market, with properties facing high flood risk rising 26.1% in value since January 2020 compared to 19.8% for low-risk homes. Buyers are drawn by discounts of up to NZ$100,000 despite climate-related risks.
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Adjacent reporting
- Urban areas host 80% of England’s homes at high risk of flooding, study finds
- Millions of homes in London, Essex and Kent at risk of sinking as climate crisis worsens
- The flooding timebomb: As risk soars 66%, here's what to do NOW to protect your home
- Australia news live: flash flooding hits Queensland roads; $57bn of Victoria infrastructure threatened by climate hazards
- Scattered storms, flood risk amid high heat indices