Does Climate Change Affect Real Estate Prices?

Events such as natural disasters, such as floods, fires, and earthquakes present near-term risks to residential real estate which are accounted for in the form of lower real estate valuations or higher insurance premiums and widely acknowledge in literature. As climate change – a change in the statistical distribution in future weather patterns – is a longer-term risk, another issue which may not be as widely understood is whether

changes in future risks

are reflected in real estate valuations.

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