Research on the impact of increased coastal flooding on property prices is among many projects boosted by $17.5million in Marsden funding to the University of Otago.
The newly formed Climate and Energy Finance Group, led by the Otago Business School’s Associate Prof Ivan Diaz-Rainey, has received $869,000 to explore to how increasing flood frequencies will affect property values in New Zealand coastal cities.
“This is an extremely important topic because 65% of the population in New Zealand live within 5km of the sea and 85% of individual wealth is concentrated in real estate”
See the original article on Otago Daily Times
