In Perspective Blog - The Impact of Storm Events on Property Values

In a new article for the Flood and Coastal Erosion Risk Management Network ( Dr. Edward Trevillion  explores the relationship between flooding and property values.   His article examines the increased incidences of extreme weather and the financial losses attributed to these over the past decade, citing damages to real estate and infrastructure amounting to over US$150billion per annum.  Although damage arising from storms and flooding will only represent part of this figure, the numbers do illustrate the scale of the problem, and indicate the liklihood of further increases in future.  The question is can we quantify how flood damage affects real estate values, and how do current decison-making processes in the real-estate industry affect the long-term value of the property market?  Ed explores these questions in his article, which can be found on the blog space.