In today's rapidly evolving world, the real estate industry stands at a critical juncture. The specter of climate change looms large, casting a shadow over the valuation, investment, and development of properties worldwide. As we delve into this intricate relationship, we uncover a fascinating interplay of market dynamics, policy responses, and investor behavior.
In a world where climate change is no longer a distant threat but a present reality, the intersection of climate risk and real estate finance has become a critical area of study and concern. This article delves into the complexities of this emerging field, exploring the impact of climate risks on both residential and commercial real estate, the challenges faced by the insurance and mortgage markets, and the innovative approaches being developed to mitigate these risks.