“Seas Are Rising At Fastest Rate In Last 28 Centuries”
In case you missed it, this was a page-one headline in the New York Times last week. The article reported on new statistics that quantify the current sea level rise and refine previous disaster predictions.
Current models from different studies now have sea levels rising between three and four feet during the next 80 years based on temperature changes and today’s rate of rise.
That article came out last Monday. And, like clockwork, Tuesday morning I got the first emails looking for beach properties that are not on the waterline.
This is what I call the “tsunami effect” on international property markets. For the first few months after a major tsunami, we see a surge of interest in properties that are on the ocean but not down at sea level. Now we see the same reaction after new press reports on rising sea levels.
With sea levels in the news this is a good week to look at seaside properties that are at the ocean but not on the beach…
And aside from climate change, rising sea levels, and tsunamis, there are other reasons why buyers like those “above the beach” properties.
These include long, distant views… no sand in the house… fewer passers-by… and fewer annoyances caused by salt spray, which leaves a residue and causes corrosion in the home.
If you are at the ocean mostly for the view—rather than to spend significant time on the sand—then properties above the beach are ideal.
Here are a few that have caught my attention recently in Europe and Continue reading