Friday 31 May 2013

Global Warming may be good...

...for property prices?

Well maybe. As in the rising sea levels that we are told will soon'ish be upon us could perchance have a silver lining. (It's Friday evening, ok? I think t-i-c is allowed on Friday evenings.)

Any way, the short piece to be found by following that link to the Indie Property Section is chock-a-block with info on the premia that properties on the seafront, besides a babbling brook or on the edges of a lake can command in the UK, and just to whet your appetites "with properties situated on estuaries commanding the largest premium (average uplift of 82%). Estuary hotspots include Rock, Salcombe, Dartmouth, St Mawes and Newton Ferrers and on the south coast areas such as Sandbanks and the Beaulieu River Estuary."

What prompted me to actually post, aside from the useful info, was this line:- "Christopher Bailey, Head of Waterfront department at Knight Frank ...".

I wonder if Knight Frank have specialists covering other areas - is there a Head of Within 3 Miles of a Major Airport or Head of Right By the Refuse & Reclamation Centre/Water Treatment Plant?

1 comments:

Mark Wadsworth said...

It's the plot of the first Superman film (with Christopher Reeves).

If all land which is currently on the coast ends up in the sea (because of sea level rise, earthquake etc) then the shoreline is now further inland, so the low value inland land suddenly becomes desirable coast line.