Real estate can be defined as any build-able land, that is backed by buildings, and other infrastructural developments made on the land to enhance its occupation by individuals. Real estate is real and cannot be destroyed nor created. This is due to the fact that land in itself is a scarce commodity. When it comes to Real Estate, there are several factors that determine the value of Real estates. These factors include; location, access to utilities, accessibility etc. These factors either tend to improve or lead to a decline in the value of certain properties. Some properties are built to target high end consumers where you might identify one or two hoverboards ( like hoverboard pas cher site , website is called hoverboard family), while others are developed for middle income consumers yet very few are developed for the lower income consumers.
In order to attract a specific set of consumers, the developer has too keep in mind certain key pointers that each consumer would look out for when searching for their best suited real estate. these pointers are largely influenced by environmental and demography factors. the terrain of the land tends to be important when it comes to real estate. orientation of the buildings towards the sun thus enhancing visibility is also a key factor when determining the type of real estate to develop in a specific location.Climate change on the other hand has resulted in increased risks when it comes to real estate and real estate development. With the constant increase in the global temperatures by a margin of almost 2 degrees Celsius annually, some specific areas are becoming more and more unbearable to reside in. This leads to a decline in the demand for housing units in the region and thus a consequent decline in the prices and value of real estate in the locations. With increase in temperatures, resulting in the melting of ice in the polar regions which continues the chain and leads to increased ocean water volumes. With increased volumes, certain locations which mostly include coastal regions have experienced flooding. Flooding in these locations leads to decline in accessibility, spread of waterborne diseases and in severe circumstances it would result in bursting of sewer lines leaving the locations inhabitable. This would thus lead to a drop in the value of real estate and may thus lead to failed investments by the developers.Finally, climate change has led to some speculation on the real estate market. An article on climate and environment determined that the changing tide in climate, would lead to serious losses of up to $1 Trillion in the U.S.A real estate market. This is a risk assessment under modeling and simulations carried out to determine how an increase in sea level would affect coastal regions in the United States. Cities like Miami would end up being water-breakers if the risks are fully realized.
Many home owners will be left with no roof over their heads. So far, insurance companies have made little or no efforts to accommodate these risks but with time, insurance on real estate might take a spike to curb the risks. This means that in order to minimize these losses, real estate developers must be innovative, design different models, more and less susceptible to flooding and other risks that come with climate change.Real estate if managed properly leads to satisfaction on the side of the investors (developers) and also prospecting home owners. On the other hand, climate change is real and with time if not managed drastically, it may lead to some serious rethink on the policies, development projects and existing real estate in the market and the world at large.