It takes a disaster for property purchasers to take notice of land hazard risk, study finds

Posted 16 May 2017 by ArchitectureNow
It takes a disaster for property purchasers to take notice of land hazard risk, study finds

Property purchasers may be under-informed about the exposure of a property to damage by a natural disaster, according to researchers from RMIT University. 

A new study that looked at house prices in Christchurch before and after the 2011 earthquake suggested that it takes a highly destructive event for disaster risk to be accounted for in house prices.

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