A new report from Bayes Business School (formerly Cass) shows how flood risk affects English residential property values to raise awareness among policy makers and regulators.
A new report from Bayes Business School (formerly Cass) shows how flood risk affects English residential property values to raise awareness among policy makers and regulators.
Data from the report, authored by Dr Alexandros Skouralis, lead researcher and Dr Nicole Lux, Senior Research Fellow at Bayes, shows that residential properties at risk of flooding are sold at 8.14% lower on average compared to non-affected properties, which reaches as high as 32.2% for the highest risk properties.
Using a unique property price dataset provided by Rightmove, the UK’s number one property website, the report analyses the 4.8 million listings and 3.2 million completed transactions that took place between 2006 and 2022.
Read more at: City University of London
