Climate change is now a key property transaction concern, research shows
Summary
New market research from Landmark Information Group suggests climate risk has become a core part of property transaction due diligence, with 81% of property professionals saying it is now as important as other checks. The report also finds rising client concern, but says climate risks are still often identified too late, with respondents citing unclear regulation, data gaps and integration costs as key barriers.
Why it matters
For residential property surveyors, climate risk is increasingly part of transaction advice, site assessment and risk communication. The findings point to growing expectations from lenders and clients for earlier, more consistent climate-related insight during the conveyancing and valuation process.
Key points
- 81% of property professionals say climate risk information is becoming as important as other due diligence checks.
- 68% report increased client concern about climate change over the past 12 months.
- 75% believe climate risks are still being identified too late to avoid disruption in many transactions.
- Main barriers identified were lack of clear regulation, data availability gaps and the cost of new tools.
- Concern is highest among mortgage lenders, followed by estate agents and conveyancers.
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