An approach to the influence of climate change on the seasonal real estate market

Abstract

[EN] The effects of climate change are becoming more apparent day by day. This is reflected in an increasing global warming that produces changes in the climate in the short and medium term with potential and growing consequences in the behavioral patterns of society.The climate crisis described above may have significant consequences on the vacation dynamics of national and foreign audiences. Effects such as the increase in temperatures, the desertification and erosion of large areas of the territory, or the scarcity of rainfall, reduce or alter the appeal of traditional holiday destinations. The loss of interest in typical tourist areas and the detour of their public to other areas that had never been touristic, cause alterations in the real estate market.Despite the topicality and importance of this subject, the existing bibliography is scarce and scattered. This paper attempts to compile the existing scientific publications on the effect of climate change on real estate investment, as well as the main factors to be considered.