How property sector adapts to mitigate natural disaster risks

A fire fighting helicopter drops water as the Palisades fire grows near the Mandeville Canyon neighborhood and Encino, California, on January 11, 2025. The Palisades Fire, the largest of the Los Angeles fires, spread toward previously untouched neighborhoods January 11, forcing new evacuations and dimming hopes that the disaster was coming under control.[AFP]

Natural disasters are an ever-present threat to the real estate industry, as vividly illustrated by the recent fires in Los Angeles, in America.

The catastrophic event, which claimed lives, homes and billions of dollars in damages, highlights the urgent need for property owners and developers to rethink their disaster preparedness strategies.