Rising sea levels brought on by climate change could put $882bn worth of Florida homes at risk if it continues at its current pace, warns real estate website Zillow. This follows a report, which we noted in March, from the journal 'Nature' which suggested sea levels could rise as much as 6ft by the end of this century. The worst-case-scenario could see US lose around one million houses, equivalent to 13% of its present stock, at a current value of $400m - excluding public infrastructure and commercial buildings and not accounting for future property values.
Rising sea levels brought on by climate change could put $882bn worth of US homes at risk if it continues at its current pace, warns real estate website Zillow. This follows a report, which we noted in March, from the journal 'Nature' which suggested sea levels could rise as much as 6ft by the end of this century. The worst-case-scenario could see Florida lose around one million houses, equivalent to 13% of its present stock, at a current value of $400m - excluding public infrastructure and commercial buildings and not accounting for future property values.