A Different Kind Of Property Heatmap

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One of the quickest ways anyone can asses a real estate micro market is by looking at its price heatmap. Generally, lower priced localities are shaded greener and as prices increase, the regions take on a more reddish hue, to visually tell the viewer where property prices are climbing the fastest or slowest.  

Similarly, take a continent and start marking the annual average temperature increase across major cities, with the lowest mercury rise in green colour and the highest in red. 

What do you get this time? For one, a ready reckoner of all the cities where annual temperature is rising fast. 

Stay Away. Stay Away

While a property heatmap attracts investors, a real heatmap of cities and regions would repel them. 

Big Picture: Higher temperatures lead to more extreme weather events and an increase in large-scale incidents - destructive storms to wildfires, gale-force winds to flooding. Where the real estate market is concerned, these 'freak' incidents are making it tougher to bear the costs and condition of any property. 

💡 Direct Hit: Rising temperatures also have a direct impact on the costs of managing a property. It's projected that more and more occupiers will rely on electricity to run fans and HVAC systems to stay cool. The same goes for an increase in water usage.

A Hole In The Purse

Indirect or direct, rising regional temperatures mean that as a property owner, you're paying more for those utilities, each passing year. That also means that the real estate investments you were so proud of can no longer be mentioned over cocktails. 

And like all good things in life, the more demand for cooling resources, the more expensive they become, and we're seeing these costs rise in real time all over the world, as you read this.