Advising on flood risk - opportunities and challenges across international commercial property markets

Bhattacharya Mis, N; Chan, F; Kreibich, H; Montz, B; Lamond, J; Proverbs, D; Wilkinson, S

Advising on flood risk - opportunities and challenges across international commercial property markets

Bhattacharya Mis, N Chan, F Kreibich, H Montz, B Lamond, J Proverbs, D Wilkinson, S

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Publisher:: RICS
Publication Type:: Conference Proceeding
Citation:: https://www.rics.org/fr/news-insight/research/conference-papers/advising-on-flood-risk-opportunities-and-challenges/, 2018, pp. 0 - 12
Issue Date:: 2018-05-01

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Field	Value	Language
dc.contributor.author	Bhattacharya Mis, N	en_US
dc.contributor.author	Chan, F	en_US
dc.contributor.author	Kreibich, H	en_US
dc.contributor.author	Montz, B	en_US
dc.contributor.author	Lamond, J	en_US
dc.contributor.author	Proverbs, D	en_US
dc.contributor.author	Wilkinson, S https://orcid.org/0000-0001-9266-1858	en_US
dc.date	2018-04-23	en_US
dc.date.available	2018-01-20	en_US
dc.date.issued	2018-05-01	en_US
dc.identifier.citation	https://www.rics.org/fr/news-insight/research/conference-papers/advising-on-flood-risk-opportunities-and-challenges/, 2018, pp. 0 - 12	en_US
dc.identifier.isbn	978-1-78321-250-7	en_US
dc.identifier.issn	2398-8614	en_US
dc.identifier.uri	http://hdl.handle.net/10453/123950
dc.description.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.	en_US
dc.publisher	RICS	en_US
dc.relation.ispartof	https://www.rics.org/fr/news-insight/research/conference-papers/advising-on-flood-risk-opportunities-and-challenges/	en_US
dc.relation.ispartof	The Construction, Building and Real Estate Research Conference of the Royal Institution of Chartered Surveyors	en_US
dc.title	Advising on flood risk - opportunities and challenges across international commercial property markets	en_US
dc.type	Conference Proceeding
utslib.location	London UK	en_US
utslib.location.activity	University College London, London	en_US
utslib.for	1202 Building	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/e-Press
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
pubs.organisational-group	/University of Technology Sydney/Strength - CCDP - Contemporary Design Practice
utslib.copyright.status	open_access
pubs.consider-herdc	true	en_US
pubs.finish-date	2018-04-24	en_US
pubs.place-of-publication	London UK	en_US
pubs.publication-status	Published	en_US
pubs.start-date	2018-04-23	en_US

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.

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http://hdl.handle.net/10453/123950