Flooding risks
Series: RICS Press Release ; (pr083) 15 September 2004 (2)Publication details: 2004Subject(s): Summary: Flooding is a growing risk for the UK property market and according to a report recently published by RICS, "Flooding and residential property values", the 1.7m homes believed to be at risk from river or coastal flooding in England could see their market value drop by as much as 40%. The RICS report is based on the results of a survey of valuers across the country. On average, most valuers said they would mark down a property subject to flooding by about 12-15%, but in some cases the figure quoted was as high as 40%. http://www.rics.org/default| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB4035-08 (Browse shelf(Opens below)) | 1 | Available | 127400-1001 |
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Flooding is a growing risk for the UK property market and according to a report recently published by RICS, "Flooding and residential property values", the 1.7m homes believed to be at risk from river or coastal flooding in England could see their market value drop by as much as 40%. The RICS report is based on the results of a survey of valuers across the country. On average, most valuers said they would mark down a property subject to flooding by about 12-15%, but in some cases the figure quoted was as high as 40%. http://www.rics.org/default