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The International Organization Has Published an Alarming Report: Real Estate Could Become Unsellable if This Continues.
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Climate change is already directly affecting families' wealth, housing security and monthly expenses through real estate, and its effects can spill over into insurance, lending and house prices, the OECD writes in its study. The organization estimates the value of real estate assets in its 34 member countries at $111 billion, which is almost twice the total GDP, while buildings are responsible for 37% of global energy-related emissions. The OECD…
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