Climate change can no longer reasonably be viewed from afar. It’s here and now. In 2021, torrential rains dumped 40 liters of water per m2 in 30 minutes in Aarau. In the same year, the roofs of Luzerne were damaged by hailstones the size of golf balls. And in 2023, strong winds caused serious damage in La Chaux-de-Fonds. With consequences such as these, global warming is bound to have an impact on the real estate market, both worldwide and here in Switzerland.
Apart from these extreme phenomena, rising temperatures will influence our comfort levels. In densely urbanized areas, for example, some homes could become very hot in summer, causing discomfort for their occupants. For the moment, this has no impact on sale prices or rents. But tomorrow, property owners could find themselves obliged not to exceed a maximum temperature within their walls, just as the law already provides for a guaranteed minimum temperature. This could result in additional air-conditioning costs or costly insulation work.
Is your property safe from floods or landslides? Will it still be pleasant to live in during heatwaves? The valuation software used by real estate professionals is already incorporating the level of exposure to these new risks into their price calculations. In the short term, therefore, climatic risks are bound to affect the real estate market. Your Plus advisor will be able to anticipate all these parameters for you, to ensure you make an investment today that will still be an excellent operation in the years to come.
