Flooding threatens one in four London properties, warns Environment Agency

May 17, 2013 Full story: The Guardian

Almost A 250bn worth of housing in capital at risk as flood defence budget cuts threaten homes and insurance policies across UK One in four London properties, worth A 250bn in total, at now at risk of flooding, accordign to the Environment Agency Photograph: Getty One in four London properties - collectively worth around A 250bn - are at risk of ... (more)

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Since: Jan 13

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#1 May 18, 2013
Basically sucks. Insurance premiums go through the roof if you're thought to be in a flood prone area, whether or not it even floods. All because they couldn't trouble to foresee the possibility of flood risk when building the extortionately priced housing. Yes, people want it in those sought after areas by the river and so on, but why not use some of that profit they must have made on ensuring what they've sold is still going to be valid down the line.

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