The recent wildfires in Southern California are a harrowing reminder of the devastation that extreme weather events can cause. More than ten thousand homes, business properties, and other structures were irreparably destroyed, consequently more than one hundred and fifty thousand people have been displaced.
by Gugu Ndlangisa, Global Listed Property Analyst at Catalyst Fund Managers
| At the time of writing this report, the total damage caused by the fires was estimated to be more than $250 billion. This is the highest in recent US history. Moreover, the frequency and severity of extreme weather events is increasingly rising and inevitably bears watching. In this report, we unpack the impact of extreme weather events on the valuation of real estate assets over the long term. |
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