With the change in climate there has been various aspects of earth that have been affected along with mankind. Did you know that the real estate sector has also been affected by this? Go through the slideshow to find out how.
2. Zillow estimates $882 billion will be underwater due
to melting of polar caps and increase in water level
by the year 2100.
Properties Going Underwater
3. Since the coastal areas are getting submerged
year by year, the prices of properties near the
coastal areas are dropping
Costal Area Prices Dropping
4. Due to increase in water level the properties close
to the shores are getting submerged. Hence the
people start preferring properties on higher
grounds
Low Lying Areas Losing Value
5. Increase in temperatures have caused
increase in number of forest fire. To avoid
damages due to forest fires people are shifting
away from forests.
Forest Areas Less Preferred
6. Comprehensive insurance prices will be going
up due to increase in number of natural
disasters over the years.
Insurance Prices Going Up
7. Increase in damages due to increased natural
disaster, the government has to pay for
infrastructure. Hence they will increase the
property taxes.
Higher Property Taxes
8. Thank You
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