Title:
EFFECT ON REAL ESTATE INDUSTRY WITH RISING SEA LEVELS

Authors:
Yuvraj Singh Rana

Abstract:
Sea level rise is an ignored phenomenon but it poses a huge threat to maritime cities throughout the world. At the current level of temperature rise, it is expected that 80% of the coastline that we know today would be different given the sea level rise. This can turn out to be a huge disaster from the perspective that the real estate worth billions would be wasted and the banking industry might as well face a problem as this real estate might have loans against it and the mortgage-backed securities would also fail if the land becomes unusable. The research paper presents a series of arguments to prove that we at this moment must come together to protect the maritime cities and also demonstrates the economic consequences of the sea level rise.

Keywords:
real estate forecast, the environmental toll on real estate, coastal real estate, banking failure in relation to real estate crashes in coastal regions

DOI:
https://doi.org/10.37500/IJESSR.2023.6331