Green light for rebuild
A pick-up in the Christchurch rebuild rate may be on the way after a High Court judgement in favour of insurers.
Friday, February 8th 2013, 12:00AM
by The Landlord
It ruled that the Christchurch City Council can only require building owners to strengthen buildings up to 34% of the new building standard when rebuilding, as required by the building code.
Some repairs had been on hold while the Insurance Council fought it out with the city council – which wanted buildings strengthened to the 67% it adopted as a preferred minimum in 2010.
The High Court ruled Christchurch City Council not over-reach the building code.
| « Rents up but yields down | Free Investment Property Showcase Events: Auckland, Wellington and Christchurch » |
Special Offers
Comments from our readers
No comments yet
Sign In to add your comment
|
|
Printable version |
|
Email to a friend |
