Red zone owners accept buy-out offer

10:13 pm on 20 August 2012

All owners in the Government's first buy-out offer for red-zoned residential properties in earthquake-hit Christchurch have now accepted.

The first round of buy-out offers at 2007 prices - to homeowners in Bexley, Burwood and Brooklands - expired on Sunday.

The Canterbury Earthquake Recovery Authority says the last of the owners of the 2970 affected properties signed the deeds on Monday morning.

Chief executive Roger Sutton says he is largely happy with the process though there have been some lessons.

The most recent residents to be red-zoned are being offered public meetings and workshops to help them make good decisions.

The next lot of offers expire on 30 August.