An expert is concerned home buyers are disregarding the threat of rising sea levels as demand for properties on the coast surges. Interest in coastal properties is growing, despite the looming threat of climate change and rising sea levels. “That could significantly reduce the pool of buyers capable of purchasing coastal property, and therefore cause prices to drop drastically,” he said. "People are starting to migrate towards coastal properties outside the congested cities because of what’s happening in the world,” he said. Nagel said coastal property remains amongst the “hottest of hot commodities”, and he doesn't expect this to change.

Source: Stuff January 05, 2021 03:33 UTC