property

A look ahead to 2018.

Change is coming.

The age of solely relying on data in property and environmental risk assessment is being rapidly replaced with a demand for interpretation, risk transfer and professional opinion. Over the past few years there has been a visible shift in the way that professionals and the public perceive hazards such as contaminated land and flood. Where historically data alone was enough to accept due diligence, interpretation is now a standard in assessing and managing these environmental issues. However, until recently the understanding of the physical, financial and legal liabilities associated with ground hazards has been largely neglected. In 2016, only 1 in 100 property valuations* considered any risks the ground poses and less than 20% of all property transactions included a structural building survey**.