Rising tide: How will climate change hit NZ property values?
A leading researcher says there’s an urgent need to understand New Zealand’s “tragedy on the horizon” – climate-driven costs that could hit coastal properties and banks.
$17.5m research cash covers coastal threat
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.
Otago researchers secure $17.5m in Marsden funding
University of Otago researchers have secured $17.5 million in Marsden funding for 30 world-class research projects.
The newly formed Climate and Energy Finance Group, led by Otago Business School’s Associate Professor Ivan Diaz-Rainey, has received $869,000 to explore to what extent, and when, increasing flood frequencies will impact property values in New Zealand’s coastal cities.
