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Owners of flooded UK homes face decline in property values

About 5,800 homes are flooded in the wettest January since 1766

[LONDON] Homeowners in some of Britain's wealthiest districts face a drop in property values and the prospect their homes may be uninsurable as record floods blight towns along the River Thames.

About 5,800 homes have been flooded in towns including Chertsey, Egham and Datchet after England endured its wettest January since 1766. Almost 55,000 homes with a combined value of about £21 billion (S$44.11 billion) are in areas that have been subject to severe flood warnings, according to real estate broker...

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