What are the top 10 most significant impacts of climate change on global real estate?

1. Sea-level rise: Rising sea levels due to climate change can cause flooding and erosion, affecting coastal properties and communities.

2. Increased frequency and intensity of storms: Climate change can lead to more severe storms, hurricanes, and typhoons, causing damage to infrastructure, properties, and disrupting the real estate market.

3. Heatwaves and extreme temperatures: Rising temperatures can lead to prolonged heatwaves, increasing the demand for cooling systems in buildings and potentially impacting property values in regions with extreme heat.

4. Changing precipitation patterns: Climate change can alter rainfall patterns, leading to droughts or increased rainfall. Droughts can reduce water availability and impact agriculture, while excessive rainfall can lead to flooding and property damage.

5. Insurance and financing challenges: Real estate properties in high-risk climate areas may face difficulties in obtaining insurance coverage, as insurers may be cautious due to increased climate-related risks. Financing options can also be affected by climate change risks, with lenders tightening their criteria.

6. Shifts in tenant and buyer preferences: As climate change awareness grows, there may be a shift in tenant and buyer preferences towards green or sustainable properties. Investors and developers may need to adapt their strategies to meet these demands.

7. Health risks and air quality: Climate change can worsen air quality, particularly in urban areas, leading to increased health risks such as respiratory illnesses. This can impact property values and buyer preferences.

8. Infrastructure vulnerabilities: Climate change can damage critical infrastructure, such as roads, bridges, and utilities. This can disrupt the real estate market and affect property values in areas with inadequate infrastructure adaptation.

9. Changes in agriculture and food production: Climate change impacts agricultural productivity, which can impact land values in agricultural regions and affect food prices. Additionally, shifting agricultural patterns may affect the viability of certain rural real estate investments.

10. Regulatory changes and legal implications: Governments worldwide are implementing regulations and policies to mitigate climate change impacts. These measures may affect real estate development, land use planning, and building codes, creating compliance challenges for property owners and developers.

It is essential to note that the significance of these impacts may vary depending on geographical location and specific local conditions.