My London House Hunt Arouses Climate Anxiety

08/23/2023 15:41
My London House Hunt Arouses Climate Anxiety

Including environmental concerns in property purchases makes financial sense.

Including environmental concerns in property purchases makes financial sense.

The climate crisis makes property ownership a risky business.

Photographer: Simon Dawson/Bloomberg

There’s lots to consider when buying a house: Is it in a good location? Does it have enough storage? How new is the kitchen? But there’s one vitally important question which should be at the heart of any property hunt: How will this home fare in the climate-crisis era?

There’s a growing awareness among realtors that climate is fast becoming a bigger consideration in property investment. Mike Holden, divisional director of growth at property data business Landmark Information Group, tells me there’s a generational divide, with younger people more attuned to climate risks while oldsters are still willing to pay a premium for drafty, inefficient homes provided they tick the rest of the buyer’s boxes.

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