Implementing seismic risk mitigation is a major challenge in many earthquake prone regions. The objective of this research is to investigate how property investment market practices can be used to enhance building owners’ decisions to improve seismic performance of earthquake prone buildings (EPBs). A case study method adopted, revealed the impacts of the property market stakeholders’ practices on seismic retrofit decisions. The findings from this research provide significant new insights on how property market-based incentives such as such as mandatory disclosure of seismic risks in all transactions in the property market, effective awareness seismic risk program and a unified earthquake safety assessment information system, can be used to enhance EPBs owners seismic retrofit decisions. These market-based incentives offer compelling reasons for the different property market stakeholders and the public at large to retain, care, invest, and act responsibly to rehabilitate EPBs. The findings suggest need for stakeholders involved in property investment and retrofit decisions to work together to foster seismic rehabilitation of EPBs.
Photograph captioned by BeckerFraserPhotos, "The ground floor of the IRD building on the corner of Cashel and Madras Streets, taken through the Madras Street window. The book market inside the building is almost undisturbed while next door, the CTV building collapsed.
It was hard to avoid sinking up to your knees in wet weather in Market Square in 1862. This panoramic photograph shows Christchurch’s Market Place (later renamed Victoria Square) the damp ge…
The NZ dollar has tumbled and the stock market has fallen.
Market stalls at Gap Filler's Fun Fair.
Market stalls at Gap Filler's Fun Fair.
Photograph captioned by BeckerFraserPhotos, "City Seafood Market, 277 Manchester Street - very smelly now".
Photograph captioned by BeckerFraserPhotos, "Book Warehouse, ground floor, 232 Cashel Street".
A market stall at Gap Filler's Fun Fair.
An entry from Ruth Gardner's blog for 21 May 2011 entitled, "Market Moved".
An entry from Deb Robertson's blog for 13 March 2011 entitled, "Opawa/St Martins Farmers Market".
Financial markets have backtracked on expectations of an interest rate cut by the Reserve Bank in the wake of the Christchurch earthquake. Economics correspondent, Nigel Stirling, reports.
Market stalls full of jewellery at Gap Filler's Fun Fair in Addington.
Damage to the Dallington Discount Market, the facade of which has collapsed.
Photograph captioned by BeckerFraserPhotos, "Ground floor, IRD building. This book market is almost undisturbed while next door, the CTV building collapsed. Taken through the Cashel Street window".
Damage to the Dallington Discount Market, the parapet of which has fallen onto the awnings below.
A woman, holding a kitten and a sign offering free hugs, at the Saturday flea market in Lyttelton.
ACT leader Rodney Hide stands alone in the middle of a blasted plain that was once the 'Christchurch CBD' and says 'A level playing field, excellent. Now we can leave the rest to the market'. Context - Christchurch after the earthquakes of 4 September 2010 and 22 February 2011. ACT explicitly promotes a free market philosophy - a (literal) level playing field in the Christchurch CBD sounds like an excellent opportunity to test the powers of the free market. Quantity: 1 digital cartoon(s).
News from the business sector focusing on the impact of the Christchurch earthquake, the bulletin includes a market report.
The earthquake has also affected financial markets. The New Zealand dollar has tumbled, and the stockmarket has extended its losses.
A group of young English women at the Lyttelton Saturday flea market offering free hugs to anybody who needed one.
A sign attached to the safety fence surrounding the damaged Dallington Discount Market reading, "Top Stitch. Yes we are open. Boutique fashion and alterations".
Earthquake Minister Gerry Brownlee says its taking too long to consent new sub divisions in Christchurch. The sharemarket and dollar fall following turmoil on world markets.
The Christchurch earthquake looks to have dashed hopes of a pickup in household spending this year.
The Canterbury Earthquake Recovery Authority says it could step into the property market to stop land prices sky-rocketing but is confident it won't have to.
A young English woman at the Lyttelton Saturday flea market hugs a resident. She was part of a group offering free hugs to anybody who needed one.
A photograph of a cake stall at the Gap Filler Fun Fair. In the background is a stall selling clothing.
The moving of the Post Office from Market Square to its new site in Cathedral Square, was a significant development in Cathedral Square’s importance in Christchurch business and city life. Th…
A cat curled up on a couch next to a cushion depicting a kiwi in a hard hat holding a shovel. The cushion was purchased at Lyttelton flea market in Oxford Street.
Damage to Dallington Discount Market on the corner of Gloucester Street and Woodham Road, the facade of which has collapsed during the 4 September 2010 earthquake. The building has been cordoned off with a safety fence.