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Randall Bell
March 8, 2023
Page 8

NEW MAP REVEALS ISLAND EROSION TO CAUSE OVER £21 MILLION PROPERTY DAMAGE BY 2100

Randall Bell
March 8, 2023
Page 8

LawQuarter.com.au

A new map of the Isle of Wright coastline shows three areas that will lose more than £21 million worth of residential property to coastal erosion by the year 2100. These areas are estimated to lose 92 homes worth £21,561,453, with 23 around Binstead and Quar, 33 in Thorness and Gurnard and 36 in the Colwell Bay area.

Maps were plotted using Environmental Agency data and Shoreline Management Plans and shows areas where no new sea defenses will be built to defend against erosion, leaving homes vulnerable to the sea.

Angela Terry, One Home chief executive, said: “Sea levels are rising as global temperatures soar and so larger waves batter our coast during severe storms. These irreversible changes mean some cliff faces are crumbling fast. We can’t turn the tide or build a wall around the entire coast, so we urgently need to help seaside communities to prepare for the damage that will come.”

Tagged: #realestateappraisal, #complexvaluation

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