Flood risk areas see 11% of new English homes built
Original Article Summary
Research shows 43,937 homes built in England between 2022 and 2024 are in medium or high flood risk areas, representing one in nine new properties. The proportion of new homes in risky areas has increased from one in 13 during 2013-2022. The post Flood risk areas see 11% of new English homes built appeared first on PropertyWire.
PropMatch Curated Analysis
11% of new English homes built 2022-2024 are in medium/high flood risk areas, up from 7.7% in previous years. These properties face higher insurance costs as they're excluded from government flood insurance schemes.
Investor Relevance
Critical for due diligence and acquisition decisions - flood risk directly impacts insurance costs (average claims £30k), property values, and rental yields. Post-2009 properties can't access affordable Flood Re insurance, creating ongoing cost pressures.
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