The Climate Conversation
How a changing climate is impacting the world’s top luxury real estate markets
Editors note: This story was researched and written prior to the devastating wildfires that ravaged Los Angeles County in January. As of this writing, more than 1,400 homes and two dozen human lives have been tragically lost, and experts predict the wildfires will cause upwards of $50 billion in property damage. Our thoughts are with our colleagues at Christie’s International Real Estate Southern California along with the tens of thousands of Los Angelenos who have been impacted by the fires. If you would like to help, here is a list of organizations that are providing aid to victims and first responders.
KEY TAKEAWAYS
• In a recent survey, more than two-thirds of Christie’s International Real Estate agents reported that climate change is impacting their real estate market.
• Depending on the market, buyers are prioritizing climate on various levels – some are just starting to talk about it; for others, it’s at the forefront of the conversation.
• Climate change is pushing developers and governments to adopt new methods of building and prioritize sustainability.
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