Dec 14
30
Properties worth a total of £1bn will fall into the sea
Leave a comment »
Published by The Independent on Monday, 29 December 2014 by Jon Stone
Nearly 7,000 properties worth over £1bn will fall into the sea because of coastal erosion over the next century, according to an Environment Agency report.
The properties will be allowed to fall into the sea because the cost of protecting them would be far greater than their value.
There is no compensation scheme in place for homeowners who lose their houses to erosion, and insurance is often difficult to obtain on the most vulnerable properties.
