Prime London Homes Are Increasingly on Frontlines of Extreme Weather
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Prime London homes now face risks from extreme heat and flooding.
- ✓Guy Meacock of Prime Purchase said, "If London gets a reputation for having architecture that's fundamentally not fit for purpose, then it's not ludicrous to think that it will have as far reaching an impact on property values."
Story at a Glance
- Category
- MARKET
- Reported By
- mint
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
More than a decade into a downturn caused by tax hikes, economic and political shocks, London's high-end housing market has a new villain to contend with -- intractable heat and flood risks.
(Bloomberg) -- More than a decade into a downturn caused by tax hikes, economic and political shocks, London's high-end housing market has a new villain to contend with -- intractable heat and flood risks.
The assessment comes from Prime Purchase, the branch of Savills UK that represents property buyers in the top end of the real estate market. Guy Meacock, a director at Prime Purchase, says too many premium homes in the UK capital are ill-equipped to deal with the fallout of increasingly frequent extreme-weather shocks.
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