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Will Floods Skew The Property Market?

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I know there have always been floods and the recent ones might be the worst in those particular locations but similar things have happened elsewhere in the past.

Whether or not we have global warming, or 'climate change' as they now like to call it, people are beginning to perceive it as a reality. Flood plains and low-lying coastal areas have always been risky places to live, seen over a long term, but could recent events, especially if more similar floods happen in the near future, trigger a skew in the property market where houses at 'risk' from climate change, which could run into a few million units, might begin to lose relative value while those on higher ground become more expensive?

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