Post by Savills

🌡️ What rising temperatures mean for real estate resilience: http://savi.li/6049vqzPW As the built environment faces escalating climate pressures, the return of El Niño represents a step change in near-term risk for real estate worldwide. The last El Niño in 2023–24 contributed to 2024 becoming the hottest year ever measured. Large urban centres are particularly vulnerable. Higher densities of people and concrete create urban heat islands, pushing city temperatures 5 -10°C above surrounding areas. Investors and occupiers are increasingly factoring climate exposure into their decision-making processes, and properties in heat vulnerable locations face growing scrutiny. 📈 𝘛𝘩𝘦 𝘨𝘳𝘢𝘱𝘩 𝘴𝘩𝘰𝘸𝘴 𝘰𝘶𝘳 𝘊𝘪𝘵𝘺 𝘏𝘦𝘢𝘵 𝘙𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘤𝘦 𝘐𝘯𝘥𝘦𝘹 𝘸𝘩𝘪𝘤𝘩 𝘵𝘢𝘬𝘦𝘴 𝘪𝘯𝘵𝘰 𝘢𝘤𝘤𝘰𝘶𝘯𝘵 𝘢 𝘤𝘪𝘵𝘺’𝘴 𝘳𝘦𝘤𝘰𝘳𝘥 𝘵𝘦𝘮𝘱𝘦𝘳𝘢𝘵𝘶𝘳𝘦 𝘩𝘪𝘨𝘩, 𝘵𝘩𝘦 𝘥𝘪𝘧𝘧𝘦𝘳𝘦𝘯𝘤𝘦 𝘣𝘦𝘵𝘸𝘦𝘦𝘯 𝘵𝘩𝘢𝘵 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘢𝘷𝘦𝘳𝘢𝘨𝘦 𝘴𝘶𝘮𝘮𝘦𝘳 𝘩𝘪𝘨𝘩, 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘯𝘶𝘮𝘣𝘦𝘳 𝘰𝘧 30°𝘊 (86°𝘍) 𝘥𝘢𝘺𝘴 𝘦𝘹𝘱𝘦𝘳𝘪𝘦𝘯𝘤𝘦𝘥 𝘪𝘯 2023. 🖊️ Connor Chilton