Property News

Thursday, August 17, 2006

Take to the Hills

It would appear that many people are taking to the hills when it comes to buying property. Concerns over flooding and high insurance costs are putting many buyers off properties in lowland areas. A recent survey has found that as many as 79% of buyers consider flood risk when looking at property.

Global sea levels have been rising at a rate of 1.5 to 3mm a year, plus there has been an increase in the number of storm surges and flash flooding. A lecturer of climate change at Sheffield University, Dr Edward Hanna has said "Despite significant uncertainties remaining about the future effects of global warming and rising sea-levels, I personally would not buy a property within about five to ten metres above mean sea-level."

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