Property developers under pressure

3:41 pm on 4 September 2012

Property developers in Christchurch are under pressure from residents displaced by the earthquakes to speed the construction of new subdivisions.

Many people have been forced to spend their savings on rentals while waiting for new homes to be built.

Neil Handy is one of those who has been paid for his damaged home, but the money is going on renting while waiting for sections to become available in one of the new subdivisions.

Mr Handy, who is one of at least 10,000 red-zoned property owners, is calling on the Government to speed up development.

Earthquake Recovery Minister Gerry Brownlee says he has been constrained by a recent Environment Court ruling that he went beyond his powers in speeding consents for several major subdivisions.