Climate change could crunch Auckland housing market
17 Oct 2016
AUCKLAND'S soaring house prices could be brought down to earth by climate change, the insurance industry is warning.
Insurance Council chief executive Tim Grafton told last week’s Climate Change and Business Conference in Auckland that predicted sea-level rises will affect insurance cover on some properties in Auckland, and therefore the ability of potential buyers to secure mortgages.
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Story copyright © Carbon News 2016
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