fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Real Estate

The perils of climate change on local real estate of countries

The Global Economics by The Global Economics
September 7, 2019
in Real Estate
Reading Time: 1 min read
0
Global warming and climate change effects threat to mankind

Global warming and climate change effects threat to mankind

27
SHARES
148
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

The real estate sector has a significant correspondence with climate change. Many countries are feeling the impact of climate change and in some areas, rising water levels, heat waves, droughts, and fire risk are putting a serious dent in real estate values. Nearly 65% of people in the U.S. own homes, and on average, those homes represent 40% of their assets as well as a major source of household debt. Climate experts predict that nearly 2% of U.S. homes worth $882 billion are at risk of being underwater by 2100, in low-lying coastal regions such as Hawaii and Florida, nearly 10% and 12% of homes could be inundated. Based on the survey, climate risk and real estate investment decision-making explore current methods for assessing and mitigating climate risk in real estate, while also outlining the dynamic measures by Heitman and many leading firms to stay at the forefront of mitigation strategies and accurately price risk into investment decisions.

In the US, homes exposed to rising sea levels sell for around 7% less than observably equivalent unexposed properties at a distance from the beach. In Europe, commercial, residential and office buildings are exposed to floods and high winds more often such as the winter storms of 2015-2016 in the UK, which resulted in around $1.18 billion of property-related economic damage.Altogether, this demands an immediate intervention from global-level governing authorities, who must now define potential solutions to manage the impact of real estate on climate change.

The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

Saudi Real Estate Refinance Company (SRC) mulls its largest refining deal worth $1.3bn with Alrajhi
Islamic

Saudi Real Estate Refinance Company (SRC) mulls its largest refining deal worth $1.3bn with Alrajhi

by Riya Thomas
March 20, 2023
Blackstone Inc curbs withdrawals at $69billion property fund REIT
Real Estate

Blackstone Inc curbs withdrawals at $69billion property fund REIT

by Riya Thomas
December 2, 2022
Dubai’s property market Witnesses an Uptick Post Covid-19
Real Estate

Dubai’s Property Market Witnesses an Uptick Post Covid-19

by The Global Economics
November 10, 2022
Thailand Jettisons Plan Permitting Foreigners to Buy Land Following Boisterous Backlash (Image: Thaizer)
Funds

Thailand Jettisons Plan Permitting Foreigners to Buy Land Following Boisterous Backlash

by Jagriti Saha
November 9, 2022
Dar Al Arkan launches Saudi Arabia’s first 3D-printed villa (Source: Dar Al Arkan Properties)
Real Estate

Dar Al Arkan launches Saudi Arabia’s first 3D-printed villa

by Riya Thomas
November 1, 2022
Previous
Next
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Hungary nears agreement with European Union to access nearly $ 30 billion frozen funds

Hungary nears agreement with European Union to access nearly $ 30 billion frozen funds

March 24, 2023
China’s March Towards Automobile Dominance

China’s March Towards Automobile Dominance

March 24, 2023
Housing Risk in South Korea Worsened Due to Bizarre $828 Billion Loan Market

Housing Risk in South Korea Worsened Due to Bizarre $828 Billion Loan Market

March 24, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version