An international understanding of Building Surveyors in the context of commercial properties at risk of flooding

Publisher:
RICS
Publication Type:
Conference Proceeding
Citation:
Proceedings of RICS COBRA 2016, 2016
Issue Date:
2016-09-23
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Limited research has been done to understand the perspectives of building surveyors in the international commercial property sector in the context of flood risk to assets, valuation of risk and availability of insurance. There is a need to develop an understanding of the current and future role of chartered surveyors internationally in providing professional flood risk advice on commercial property. The objectives of this study are to explore the role chartered surveyors may play in providing advice on flood risk in the context of commercial properties internationally using evidence from UK, Germany, China, US, and Australia. A systematic review of the evidence was undertaken through academic literature together with an in-country search of grey literature. The review found a wide variety of insurance regimes and risk disclosure practices in these international contexts. Attitudes to risk mitigation and the role of chartered surveyors were summarised across countries to draw on the range of practices that can form the basis to move towards knowledge transfer and common understanding of approaches to property at risk. Surveyors have an important role to play in advising clients and investors on appropriate risk mitigation and there is the potential for this to expand in the future.
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