Future Climate Info to offer first-of-its-kind air quality property risk reporting
FCI partners with EarthSense to include detailed air pollution data in all environmental risk reports for residential and commercial property transactions
Homebuyers and property investors will now be able to access detailed information on a property’s surrounding air quality from Future Climate Info (FCI), the environmental risk analysts.
For the first time, a UK environmental report for risk assessment of property transactions will include data on nearby Nitrogen Dioxide (NO2) levels, using EarthSense’s MappAir® dataset – the UK’s first and only air quality dataset at 100m resolution.
The new air quality data within FCI products will enable conveyancers and solicitors to provide their clients with a comprehensive assessment and guidance on all environmental risks including flooding, ground stability, environmental, and energy and infrastructure factors in a single report.
A recent survey by Economic Insight found that 37% of homebuyers chose their solicitor based on a recommendation – highlighting the business benefits of offering clients valuable insights and cost-effective services to help inform their property buying decisions.
Air quality has fast become one of the UK’s most pressing issues. Scientists estimate as many as 40,000 Britons die as a result of air pollution each year1, while the High Court recently judged 45 Local Authorities to be unlawfully2 breaching safe levels of NO2.
High resolution pollution mapping
Each FCI report will give the specific property and its surrounding area a rating from the EarthSense NO2 Air Quality Index, which assesses average NO2 levels at 100m resolution as a result of vehicle emissions and other sources.
Each report will give a clear index rating from 0 (a generally clean environment with very low chance of average NO2 levels exceeding annual legal limits) to 6 (polluted environments with major implications for human health).
Any rating of 3 and above means an area is likely to see NO2 levels exceed annual legal limits, worsening at peak traffic times and in stagnant weather conditions. Studies point towards minor long-term health conditions for people spending long periods in these conditions. MappAir® data suggests 1% of postcodes in England and Wales fall into this category, while FCI’s analysis suggests that 3% of property transactions in 2017 took place in these areas.
Air quality data will be available as part of all FCI reports on residential and commercial property transactions from 30 April 2018.
Geoff Offen, Managing Director of Future Climate Info, comments:
“We’re delighted to have struck up a first-of-its-kind partnership with EarthSense to be able to offer homebuyers and property investors the best, high resolution air quality data available.
“This is another example of FCI working to enhance the market and add value for conveyancers at no extra cost, while collaborating with the best of the best to develop new solutions. We’re constantly adding new datasets to address emerging environmental risks and once again we’re leading the way in enabling conveyancers and property professionals looking to respond to this consumer concern.
“We believe all property buyers have the right to access as much information as possible about their chosen home or property investment. Air quality affects where we live as well as where we work so it’s now becoming more important for property buyers and investors alike.”
Tom Hall, Managing Director of EarthSense, comments:
“We are delighted to be working with FCI, a truly innovative company. FCI really understand how important it is to inform and raise homeowner awareness about the long-term health impacts of air pollution and how this may influence where you choose to live. This information becomes even more critical when considering a new home if the purchaser has children or any health condition sensitive to air pollution.
This article was submitted to be published by Future Climate Info as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.