Heat stress in Rome & other Italian cities has led to temporary decreases in both online and in-person searches for housing.
Funds Europe | March 6, 2024
Manish Garg, associate director of private markets predicts that extreme heat might redirect demand to cooler areas, affecting property values and yields, but also creating demand for enhanced cooling systems. Additionally, heatwaves could exacerbate wildfires, raising insurance costs and potentially deterring tourists, impacting the short-term rental market.
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