31 Mar 2023

Warning over property investors snapping up flood-hit homes

From Morning Report, 7:27 am on 31 March 2023

Property experts are warning owners of flood-damaged homes in Hawke's Bay to take care when dealing with investment companies wanting to snap up their houses.

A property investment company is advertising on local radio, saying they'll pay in cash to purchase flood-hit homes.

But questions still remain about the future of the properties, with insurance, EQC claims and government decisions on land still up in the air. 

Jemima Huston reports.