Adaptation or obsolescence: real estate on the front line of climate change

Extreme weather makes it more difficult to finance and insure buildings. It makes investors harder to find because investing is riskier. It makes buildings more expensive to operate and more costly to occupy. Climate change is a multifaceted threat to the real-estate sector, affecting cash flow, value, and long-term financial performance.

But it brings opportunity, too. Decisive developers, owners and occupiers stand to benefit from a flight to prime centred on resilient real estate. As climate adaptation becomes a core criterion in decisions around investment and expansion, cities that create resilient infrastructure make their property more attractive to residents, businesses, and visitors.

Read More: Adaptation or obsolescence: real estate on the front line of climate change | Savills Impacts