Environment Agency Flood Action Campaign – Geoff Offen Comments…
As the Environment Agency has warned that intense bouts of flooding are set to become more frequent with the launch of its Flood Action Campaign, Geoff Offen, Managing Director of Future Climate Info, comments:
* Source: Future Climate Info Urban Homebuyer Flood Risk Report
“The Environment Agency warning is a stark reminder of how climate change in the UK has increased the instances of extreme weather in recent years and will continue to do so. There are more than five million properties in England at risk of flooding; not just limited to those that have flooded in the past or that are located near water. Our own data* shows around one in seven transactions conveyancers dealt with last year had a potential flood risk attached.
New research shows that 18 to 34-year-olds are least likely to perceive flood risk to their area or know where to go for information. Conveyancers need to be able to inform the next generation of first time buyers about the potential risks to their property more than ever, as well as anticipate, understand and mitigate these risks for their clients and create a smoother transaction for all.
Knowing which solutions are available is an opportunity to offer crucial added value to potential homebuyers and property investors who need it most. Everyone considering a property purchase needs to be aware of what types of risk they may face from flooding – and the fact that there are clear steps they can take to ensure this doesn’t need to put a stop their buying ambitions.”
About Future Climate Info – the environmental risk analysts
Future Climate Info is an independent provider of environmental risk analytics that delivers professional insights and practical solutions to remove environmental risk from property transactions.
Launched in 2014 by two industry pioneers, FCI was borne out of focus groups with property professionals to enhance the market and address failings with environmental reports.
FCI has a client-focused, value-driven business model that combines human insight with sophisticated data manipulation. This results in comprehensive risk assessment reports that are clear, concise and solve problems for conveyancers, surveyors and their clients.