Property

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 08th 2013

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

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Green light for rebuild

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