Climate change set to erode NZ house values
Published April 12th, 2007 in climate change Tags: climate change, real estate. Scoopit Share it del.icio.us |Digg it |Furl |Netscape |reddit |StumbleUpon | ScoopitI reckon this kind of thing is going to shock some people out of their apathy towards doing something about climate change.
In the Herald today …
Some sought-after coastal properties could fall in value because insurers are refusing to cover them for extreme weather events linked to global warming.
The insurers’ tough line against properties in flood and erosion-risk areas could make it impossible for buyers to get mortgages. [ read more ]
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