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Global warming fear ‘could hit Spanish property demand’

Posted by: In: Real Estate 24 Apr 2014 Comments: 0 Tags: ,

Fears that Marbella, Benidorm and other Spanish coastal cities could be underwater by the end of the century if global warming continues, could affect property demand, it is claimed

Worries that global warming could destroy popular Spanish coastal resorts in the long term may hit overseas property demand, says a leading market commentator.

Some popular coastal Spanish towns that currently see large overseas property demand may disappear this century, due to climate change and the melting of the Arctic, say environmental group Greenpeace in its report, Heading for extreme climate. Risks of not stopping global warming and the destruction of the Arctic.

Marbella, in Málaga, Benidorm, in Alicante, la Playa de La Concha, in San Sebastián and La Manga del Mar Menor, in Murcia, are all at risk, according to Greenpeace.

Spanish property journalist Daniel Talavera, from the Spanish Brick website, tells OPP Connect, “Definitely this will affect the property market on certain coasts.

“I believe the global warming is a fact and this will deliver negative consequences for the environment if climate changes causes the sea levels to rise.

“If certain coastal areas show signs of higher levels of water, the landscape would probably change in few decades. The property market will still there but …read more

Source: OPP



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