According to the Environment Agency, over two million people in England live and work in properties at risk of flooding from rivers or the sea, whilst more face flood threats from groundwater, surface water, sewers, and reservoirs.
At  Comparethemarket You can Find out how to protect your home with flood insurance. Go to website
https://www.comparethemarket.com/home-insurance/flood/

At Gocompare, we have put together a guide to preparing for a flood and protecting your property – Go to website
https://www.gocompare.com/home-insurance/flooding-and-home-insurance/limiting-flood-risk-and-damage/

In extreme conditions you won’t be able to stop flood water, and you should always put personal safety above attempts to protect property and possessions. Despite this, there are steps that you can take to keep water out, to buy yourself time to preserve property and possessions, and to limit the damage that flood water does.
Home insurance

• How to know if your home is at high risk for flooding
• How to find out if your home insurance covers flooding
• What are other ways to protect property and safety from flooding

• Homeowner insurance can sometimes have exclusions like storm damage or accidental damage from burst pipes.
• A few things homeowners can do to mitigate the damage like raising sockets, installing flood doors, landscaping the property to draw water away, and upgrading materials to more water-resistant ones like cement, ceramic, or stone. To learn more about home insurance in high-risk flood areas, you can check out the detailed article here:
  Flood risk areas and home insurance premiums | Compare the Market

Avrill0 Conveyancing
The UK housing market is in a continuous state of flux. And while external factors like economic inflation, interest rates, and the ever-growing British population all play a role in that, sometimes unpredictable elements can also see house prices chop and change on a whim.

With a mortgage to pay, a family to support, and a host of other responsibilities, it can be easy to overlook the potential impact and danger of a sudden flash flood. For homes located near rivers, lakes, and coastal regions, torrential rain can leave you with irreversible property damage.

But just how much does this impact your chances of a sale, as well as the wider market? In this statistical breakdown, we’re going to look at 30 groundbreaking facts about flooding and UK homes.

1 in 6 UK buildings are at risk of flooding

While it might seem hard to believe, as many as one in six buildings in the UK are at risk of flooding. That’s as many as 236,000 buildings (roughly 15% of the national total) which find themselves in an area which is susceptible to a sudden water surge. That might sound a little scary, but only 11,000 of those are built in areas which are deemed to be of high-risk or above (meaning they have a 1% or higher chance of flooding in any given year).

Only 11,000 of those are built in areas which are deemed to be of high-risk

The annual cost of flood damages is an estimated £1bn

The immense scale of damage that a flood can cause also can’t be overlooked. Entire floorboards will often need to be removed, while upholstery, furniture, and most wooden fittings will most likely have to be replaced. This results in a staggering £1bn annual cost for households across the UK, as they look to return their homes to a place where they’re habitable again.

The immense scale of damage that a flood can cause also can’t be overlooked

An 8.14% reduction on flood risk properties

Kicking things off with what is perhaps the most telling statistic of all, houses that find themselves in high flood risk areas will on average see an 8.14% reduction in their total value. The total numbers correlate with the level of risk involved – with properties located in areas which have been deemed as a “very high risk” seeing a whopping 31.3% being struck off their asking price.

Properties in “very high risk” areas see 31.3% struck off their asking price

Price growth in high risk zones is 50% worse

In addition to that, the rate of growth in areas where floods are predicted to be higher is significantly worse than unaffected regions. Research from the University of Loughborough shows that home prices have risen at a 50% slower pace in areas where the chances of a flash flood are heightened. This phenomenon is referred to as “climate gentrification”.

This phenomenon is referred to as “climate gentrification”

Semi-detached and terraced houses are more at risk

Houses which are categorised as either semi-detached or terraced are more prone to the adverse effects of a flood. This is a result of the reliance that they have on neighbouring properties to also effectively prepare against any potential risks. Prevention measures such as reinforcing windows, doors, vents, and pipes might not be possible if attached neighbours are resistant to the renovations.

£50.3bn worth of property was sold across flood zones in 2022

The encouraging news is that despite the clear setbacks, houses in flood zone areas continue to sell. Figures have been healthy for both commercial and residential properties across recent years, with as much as £50.3bn worth of property selling in 2022 alone. Despite how healthy this figure is, it was actually a step back on the numbers from 2021 – when sales reached as high as £72.2bn in flood zone areas.

Despite the clear setbacks, houses in flood zone areas continue to sell

1 in 6 UK buildings are at risk of flooding

Understanding the need for protection, the UK Government introduced the Flood Re scheme in 2016. This gave insurers the chance to pass on the flood-risk element of their policy to the reinsurer, at a lower fixed price. As a result, Flood Re made it possible for households in flood risk areas to cut their premiums in half in 80% of circumstances.

The Flood Re scheme made it possible for households to cut their premiums in half in 80% of circumstances

Flood Re increases property value by over £4,000

As well as the amazing benefit which homeowners receive from sliced monthly premiums, Flood Re has been shown to improve the average price of a property by £4,083 when they’re located in a flood zone area. With more insurers willing to offer a home insurance policy on these properties, the buying market has taken a sharp turn in the right direction.

With more insurers willing to offer a home insurance policies, the buying market has taken a sharp turn in the right direction

Total property value rises by £212.3m a year with Flood Re

In addition to that, the total annual rise in property value for buildings with Flood Re was a very healthy £212.3m (under the assumption that only 1% of these properties are flooded annually). If flood risks were to rise, the effect of Flood Re on property value would do the same. That means that the plan keeps house prices stable and steady.

Flood Re properties are 3.6% more likely to sell than those without protection

Buildings which have the protection plan in place have 3.6% more chance to sell than those without – even if they’ve already experienced flooding in the past. Another survey found that homes that used the Flood Re system also experienced a significant increase in the amount of transactions that happened in an affected area.

Flood Re system also experienced a significant increase in the amount of transactions

Property level flood risk to set to increase by 8% between 2050 and 2080

And Flood Re could be more important than ever, if reports regarding climate change are accurate. It’s estimated that some time between 2050 and 2080, the risk of potential flood occurring at a property is set to soar by 8% across the board. That could mean as much as £1.69bn safeguarded against thanks to the insurance tack-on.

As much as £1.69bn safeguarded against thanks to the insurance tack-on

See there full details here: 30 Facts About Flooding & the UK Property Market | AVRillo

1. Find out if you’re at risk

6. Get help after a flood

5. Get help during a flood

4. Get insurance

3. Improve your property's flood protection

2. Make a flood plan