Heatwave Rewrites the Rules of the Real Estate Market
4 Articles
4 Articles
In the past, three factors shaped the real estate price: location, location, location. In the meantime, another important criterion is added.
The impact of hot summers on the real estate market goes far beyond the simple fact that "it's good to have air conditioning." The heat tolerance of the property and the environment is increasingly coming to the fore: in addition to orientation, shading, building structure and vegetation, the ability of the town's water network to withstand the peak summer load is also important.
A south-facing apartment may no longer be an advantage in the eyes of every buyer.
Hotter summers are gradually changing the criteria for buying real estate. For buyers, it may be increasingly important to know how protected an apartment is from the summer heat, what its orientation is, whether it has shading, how modern its insulation is, and what cooling solution can be used. In addition to location, in the long term, how a settlement's water and sewer network can withstand the summer peak load may also become more valuable …
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
