Red-zone offers due to expire next weekend

1:00 pm on 14 August 2012

The first round of Government offers to homeowners in residential red zones in Christchurch expire next weekend and most homeowners have accepted the offer.

Last August, almost 3000 households were given a choice of selling either their land or their house and land to the Government at 2007 prices. That offer expires next Sunday, 19 August.

The Canterbury Earthquake Recovery Authority says 2904 homeowners have now signed a sale and purchase agreement with the Crown.

Of the other 66, chief executive Roger Sutton says most have agreed to the offer, but some have not.

Mr Sutton thinks it's a good offer and says there are no plans as yet for any follow-up offers when this one expires.

The offers apply to areas like Brighton and Bexley that were zoned red because they were unliveable after the earthquake in February 2011.

To take up the offer, property owners have to sign a consent form allowing the authority to assess their rateable values before sending them an offer.

A total of 2904 households have accepted the buyout offer.

But some say they won't budge. Rharyn Spyve of Brooklands says she is refusing the offer of $222,000 for her 8500 square metres of land simply because, at that price, she will never be able to replace what she has now.

Those sentiments are echoed by another resident, Stephen Bourke, who also says he's not accepting the offer and not going anywhere.