Have you ever thought about the link between the real estate market and the climate? We talk a lot about the effects of pollution on climate change. But then, little space is given to how changes can affect the real estate market.
Today, we have decided to devote ourselves to this, trying to give clear and complete answers to a very particular topic. Does the value of real estate change? What are the risks we face? And again, how to amortize any losses?
If you are ready to discover more, we can inaugurate our article of the day!
Among the most important climate changes, which can have an impact on real estate, we identify coastal erosion. What is meant by this term? This is a phenomenon that takes the form of the retreat and, automatically, the rise in sea level. The fundamental problem is that it is limited to the problem of flooding.
How does everything pour into the property market? Simple. The areas affected by this phenomenon are becoming less and less attractive and, in addition, the value of real estate on the coastal areas collapses dramatically.
In addition, it is necessary to remember the continuous maintenance of the structures on the sea. In short, the continuous or imminent damage that discourages future property owners.
But is there a way to prevent these risks? Or rather, are there technologies that can let us know how we can move in the face of similar problems? Fortunately, the answer is positive.
Free applications have been created to calculate the impact of climate change on the real estate sector. A great step forward, which allows a twofold opportunity:
The app’s name, Digital Coast, has now become a must have for all future real estate buyers who want to win a property on the coast.
It is not easy to prevent how this issue will evolve. The variables to be taken into consideration are many and the consequences that can result from them are as many. What is certain is that considering this issue in time helps considerably.
The advancement of new technologies capable of analysing the phenomenon and greater attention to climate change are a fundamental combination not only in terms of property, but above all in social terms. With the advent of these new tools, the buyers themselves are proving more attentive to the environmental impacts of future housing. But even owners intending to sell, have developed a considerable interest in the issue, also considering the tax breaks for all those who adapt to green parameters that can only remove additional risks.
For today, our guide ends here. But stay tuned to learn more … of course on our blog!
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