What impact does climate change have on real estate values in?.

Climate change is reshaping real estate values by increasing demand for resilient properties and influencing buyer preferences. Factors like flood risk, heatwaves, and energy efficiency are paramount in buyers' decisions. Properties in areas prone to climate events may see depreciation, whereas those in sustainable, resilient locations gain value.

Key Facts

• Properties in high-risk climate zones can lose up to 30% in value.
• Energy-efficient homes have seen a price premium of 15-20%.
• Insurance costs are rising due to climate risk, impacting property values.
• The global green building market is projected to reach $24 trillion by 2030.

Examples or Use Cases

• Coastal properties in the U.S. facing rising sea levels are experiencing increased insurance premiums and declining values.
• Urban areas with green infrastructure are attracting buyers seeking sustainable living.

FAQs

• How does climate change affect insurance rates? Insurance rates are rising in high-risk areas due to increased claims from climate-related events.
• Are all real estate markets affected equally? No, urban markets with better infrastructure tend to fare better than rural or coastal markets.