Homeowners living in some of London’s priciest real estate are now trying to figure out how more frequent and destructive floods will affect both their access to insurance and their property values. That’s as rising temperatures affect cloudburst patterns in ways that are exposing well-established urban areas with ageing Victorian-era infrastructure to unprecedented strains.
“Flood insurance for home-buyers was just not talked about years ago but it’s very much a real issue now,” says Guy Meacock, a director at UK property buying consultancy Prime Purchase.
