AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Science, Spoken
Banks Are Finally Realizing What Climate Change Will Do to Housing
Jun 18, 2024
Banks are waking up to the risks of climate change on housing, impacting mortgage approvals and values. Coastal properties are devalued, leading to the rise of green mortgages. Banks play a vital role in financing climate-resilient homes, supporting energy efficiency, property values, and economic productivity.
10:41
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Extreme weather affects property values, with a 1°C rise decreasing mortgage approvals and values significantly.
- Banks are recognizing climate risks, offering incentives for energy-efficient properties and green mortgages for sustainable homes.
Deep dives
Impact of Climate Change on Property Values
Climate change is affecting property values significantly, with extreme weather events threatening property investments. Studies show that for every 1 degree Celsius rise above average temperatures, mortgage approvals decrease by nearly 1%, and their value by over 6.5%. Lenders are increasingly concerned about climate change devaluing the assets they lend against, especially for coastal properties vulnerable to erosion and natural disasters.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode