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This report shines a light on the extent to which climate change and the increased propensity of floods are affecting the housing market in England. Using a unique property price dataset provided by Rightmove, the UK’s number one property website, the report analyses the 4.8 million listings and 3.2 million completed transactions that took place between 2006 and 2022.

Key findings from the report include:

• Properties at highest risk of flooding are based in East of England, Yorkshire and the Humber and the North West, which typically have flood risk probability of between 10% and 12%.
• Semi-detached and terraced properties (9% flood risk probability) are more vulnerable to flooding since prevention measures – such as improved windows, doors, vents and pipes will only be effective in conjunction with neighbours versus detached houses with only a 7% flood risk probability.
• Overall flood risk is expected to increase for 73% of affected properties by 2080, while the probability of flooding is set to increase by a further 8%. A low-risk property, with a probability of flooding below 20%, that is affected by a flood event is expected to be sold at a lower price of between 9.6% and 13.6%.
• The value of lower priced properties is likely to be more affected by flood risk when compared to higher priced properties.