Around 200,000 properties in England could be completely lost within 30 years, because of rising sea levels and climate change…
That would inflict a huge toll, not just on the residential sector, but on all businesses and commercial property owners.
Investors need to understand the impact with all at-risk property assets and this is where the idea of Climate Intelligence comes into the decision-making process.
CI provides businesses with a substantial edge in reacting to climate change at the asset level – quickly and efficiently.
👉 Susceptibility
Climate change is also increasing the frequency and severity of extreme weather events. These events and rising sea levels can cause loss or damage to commercial property, increase insurance and maintenance costs, undermine business finance, cause significant disruption to day-to-day business and hit income.
👉 Property values
Affected properties may begin to see more tangible reductions in their underlying value, relative to the risk, as more sophisticated modelling and scoring become more widely used, beyond the insurance sector (for example the flood risk)
👉 Unforeseen consequences
Weather extremes, as they become the norm, will drive changes in property demand, construction costs and rental yields.
Incorporating CI into longer term business and investment planning now decreases your exposure and susceptibility while you still remain ahead of the curve.