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Monday, October 8, 2012

Measuring the impacts of the Canterbury earthquakes on the residential property market.

Lincoln University are conducting an on-line survey to see how prospective home buyers view the risk associated with land zoning (TC1, TC2, TC3) and the likelihood of flooding, how this affects the price they are willing to pay, areas prospective buyers prefer, and construction preferences.

The survey, Residents’ perceptions relating to residential property in Canterbury post the earthquakes is open to all who want to participate and starts here. The survey is for both homeowners and renters. A few questions are detailed however you can leave a question unanswered if you wish. Some questions were unclear when I did it, so left them blank.

The following introductory information is from the Lincoln website.

Professor Sandy Bond from Lincoln University is currently conducting research to investigate householders’ perceptions towards the impacts of the Canterbury earthquakes on the residential property market. The 22 February 2011 Canterbury earthquake had a devastating impact on Christchurch property with the significant damage caused to land and buildings. As at July 2012, 7541 properties have been zoned Red, including 406 properties in the Port Hills - that is, the land damage was so severe that it is uneconomic to be repaired and will not be able to be rebuilt on. The overall impact on the residential property market has been dramatic with the initial number of sales stalling due in part to difficulty getting access to insurance and mortgage finance.

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