Paul Fisher, former MPC member, and former deputy head of the PRA, writes in IPE "If the financial crisis taught us anything, it is that the improbable and unprecedented can happen". In the property world, although the behaviour of the markets might indicate otherwise, we would surely all agree, having seen it all go wrong in so many different ways before.

The new slant, of course, is of the risks posed to that world by climate change, whether plain physical, such as via flooding, financial, as markets change or collapse, or in any other "black swan" and unthought-of way. 

The scientific evidence for climate change is there. It is very much up to us all to evaluate the risks that this poses to our real estate