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Advising on Flood Risk – Opportunities and Challenges Across International Commercial Property Markets
Bhattacharya-Mis, Namrata Chan, Faith Kreibich, Heidi Montz, Burrell Lamond, Jessica Proverbs, David Wilkinson, Sara
Bhattacharya-Mis, Namrata
Chan, Faith
Kreibich, Heidi
Montz, Burrell
Lamond, Jessica
Proverbs, David
Wilkinson, Sara
Advisors
Editors
Other Contributors
EPub Date
Publication Date
2018-04-23
Submitted Date
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Abstract
There is an increasing body of research which identifies the need for flood risk
mitigation advice and the potential for building professionals such as surveyors to be
involved. This research explored the potential for surveyors to play a greater role in
advising on at-risk commercial properties to better manage risk within the commercial
property sector. Through a series of 72 expert interviews of professionals in the field
of flood risk management in five international markets (UK, US, Australia, China and
Germany), the research developed a picture of the current and potential role surveyors
can play in providing professional advice on flood risk affected commercial
properties. The interviews revealed that a wide set of opportunity lies in expert
surveyors’ technical and local knowledge and understanding of risk mitigation and
damage reduction processes, building typology, commercial land use, property
valuation, and insurance schemes. However, their ability to offer flood specific advice
is constrained by lack of: flood related expertise and training, market demand, client
awareness of flood risk and, an willingness to invest in advice and mitigation
measures on behalf of clients. The research highlights the need for collaborative
practice to enable well informed all round advice on flood risk resilience. The findings
also highlight the need for additional flood risk education and training for surveyors to
assist them to provide improved risk mitigation advice.
Citation
Bhattacharya-Mis, N., Lamond, J., Chan, Faith., Kreibich, Heidi., Montz, Burrel.,l Proverbs, David., Wilkinson, S., (2018) Advising on flood risk – opportunities and challenges across international commercial property markets. RICS COBRA Conference, London.
Publisher
Royal Institution of Chartered Surveyors
Journal
Research Unit
DOI
PubMed ID
PubMed Central ID
Type
Conference Contribution
Language
en
Description
The papers in this proceeding are intended for knowledge sharing, stimulate debate,
and research findings only. This publication does not necessarily represent the views
of RICS or University College London.
Series/Report no.
ISSN
2398-8614
EISSN
ISBN
9781783212507