Climate change is now a mainstream property risk.
The Law Society of England and Wales' Climate Change and Property Practice Note highlights physical and transition risks that can affect insurability, value, and the ability to transact - and notes that such risks may also affect the transport and essential services on which a property depends . That is driving demand for clearer, more robust datasets underpinning search products.
As client expectations and associated risks continue to evolve, search providers are increasingly expected to demonstrate how climate and site-related risks are identified and assessed.