Property Professionals Report Rising Climate Risk Concerns
Property Professionals Report Rising Climate Risk Concerns

Property Professionals Report Rising Climate Risk Concerns

News summary

Recent research from Landmark Information Group reveals a significant increase in climate change concerns among property buyers, with 99% of surveyed property professionals noting growing client worries, especially about heat stress and energy performance surpassing flooding as top risks. Conveyancers are increasingly advising clients on future climate risks, though uncertainty remains about who should ultimately guide buyers on these issues. Meanwhile, a survey by the American Enterprise Institute finds that while two-thirds of Americans consider climate change important, it ranks relatively low among national priorities compared to economic and security issues. Former Bank of England Governor Mark Carney, once a vocal critic of fossil fuel reliance, has adopted a more pragmatic stance as Canadian Prime Minister, supporting new oil pipeline projects despite previous warnings about stranded fossil fuel assets. These developments highlight the tension between rising climate awareness, economic pragmatism, and political realities shaping climate action and public sentiment today.

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