The risk of flooding is proposed to include mandatory information in the sale of property in the UK

Britain, of course, not Venice, but the rain here is quite common. Therefore, information about what is the probability that your future home or apartment can be photoplan should play a significant role in the purchase of real estate at Albion.

People buying property in the UK must be informed about the risks associated with the possibility of flooding. The Association of British Insurers has published the results of their study, according to which the vast majority of Britons believes that such information should be included as required in the advertisement of the sale.

Currently, the listings do not contain any sort of information from the flood risk. List information about the object, usually limited to information about the district schools, supermarkets and road networks.

The Association encourages owners of real estate agencies and websites to place on information that reflects the risk of flooding in these areas. Information about the risks of flooding is available on the website of the Agency for environmental protection, but not all people know about it and not everyone can correctly use it.

For property buyers in the United Kingdom this will mean that the lawyers of the seller and the buyer engaged in the transaction, will have to explore the location of the facility at risk of flooding and if flood risks are high, order a more in-depth study of experts.

According to statistics, every sixth house in the UK at risk of flooding. Flooding could completely destroy the house, or floods can result in huge costs for repair. Buying a home involves a large insurance premium, which take the insurance company. Often people learn about the high risks of flooding, already starting the process of buying and spend hundreds, and sometimes thousands of pounds on lawyers. Provided timely information about the floods could significantly affect the buying decision and the price in the transaction.

The Environment Agency indicates that 2.4 million residential properties in the UK are at risk coastal or river flooding, and 3 million objects at risk of flooding from groundwater. For the 2013-2014 insurance companies were paid more than £450 million for insurance claims related to floods.

® Alice Morgan. 01/11/2015

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