As well as putting a dampener on many people’s summer plans, the large amount of rainfall the UK has suffered, and the flooding which has occurred as a result, could affect those who are attempting to sell their homes.
People all over the country have been affected by rising water levels from rivers and lakes, and blocked drainage systems struggling to shift water from the streets.
Brighton has fared no differently, with many properties suffering water damage, and fire and rescue teams having to pump sewage from one property while quickly isolating the electrics in many others.
If any of those house owners have their homes on the market, although dealing with the legal side of selling a property will be easy, with help from a Brighton solicitor, house sale possibilities will be low.
According to the Environment Agency more than five million people in England and Wales alone live and work in properties which are at risk of flooding from rivers or the sea – and this figure doesn’t even take into account the flood risk from drains.
People who live in high flood-risk areas are likely to see a 15% fall in house prices during flooding, and prices may remain low if home owners are unable to get their property insured, putting potential buyers off.
House buyers are advised to always ask their conveyancing solicitor to source a detailed flood report and seek insurance quotes early in the purchase process, to make sure they can get cover.
Worryingly, scientists believe that the extreme weather experienced in the last few months will only get worse in the future due to climate change, and could lead to the risk of flooding in England increasing four-fold by the year 2035.