Property

International
Property

Rising tide, erosion a threat to Port Phillip Bay's beachside suburbs (Victoria, Australia)

With the glittering Port Phillip Bay at its doorstep, Brighton is among Melbourne’s poshest and most expensive suburbs.

Gulf of Mexico
Property

Outdated FEMA flood maps cost uninsured homeowners millions; North Florida hit the hardest

Mexico Beach was ground zero for Hurricane Michael, destroying 70 percent of the resort community’s homes and businesses with its Category 5 winds and 18-foot storm surge. Because its flood maps hadn’t been updated in 10 years, 80 percent of those structures were uninsured because FEMA placed them in flood zone "X" – areas that have low-to-moderate risks for flooding, according to a report by My Flood Risk, an affiliate of Melbourne, Fla.-based National Flood Insurance LLC.

International
Property

Coastal resilience in Seychelles: Charting a path forward

It is an ordinary Monday morning at Beau Vallon beach, Seychelles. A group of men and women prepare the beach for the soon-to-arrive tourists, cleaning up the plastics and algae washed ashore by the Indian Ocean that do not fit the image of the tropical paradise that the Seychelles projects to the world.

Northeast
Property

Plan would make multimillion-dollar mansions eligible for disaster aid

OLD SAYBROOK, Conn. (AP) — On an exclusive Connecticut peninsula, where signs warn outsiders to stay off private roads, eight multimillion-dollar homes with sprawling yards along the Long Island Sound are poised to become eligible for taxpayer-funded disaster aid.

Southeast
Property

Point of View: Potential buyers need to be given more information about a property’s flood risks

Under Florida case law, a seller of a home must disclose to the buyer all known facts that materially affect the value of the property and that are not readily observable or known to the buyer.

Southeast
Property

As Seas Rise, Florida Will Likely Lose More Coastal Property Value Than Any Other State

Long before rising seas permanently swamp homes, millions of Americans living in coastal communities will likely face more frequent and disruptive high-tide flooding — and the effects will ripple through the local economy.

Coastwide
Property

INSIGHT: Real Estate Investors Need to Prepare for Climate Change Before It’s Too Late

The impacts of climate change, including rising seas and extreme weather events, are quickly emerging as formidable challenges for the real estate industry and our cities.

Northeast
Property

Denial of expanded erosion-control measures for Nantucket bluff under appeal

NANTUCKET — Efforts to fight erosion on the Sankaty Bluff are headed to court. The Sconset Beach Preservation Fund has appealed the Conservation Commission’s decision to deny expansion of an erosion-control project at the base of the bluff. The fund’s leaders have appealed to both the state Department of Environmental Protection and Nantucket Superior Court.

Great Lakes
Property

High water levels foreshadow huge cost of climate change in Michigan

Anyone who doubts that climate change could deliver a nasty shock to Michigan's economy need only take a stroll along the Detroit riverfront these days.

Mid-Atlantic
Property

Editorial: Resilience costs mount as climate crisis looms

A country that refuses to confront these changes, that shrugs off the planning and preparation needed, and certainly does not have the desire — or, at this moment, the capacity — to absorb those costs is making a choice to put millions of its residents in harm’s way.

International
Property

350 Maradu flats to be demolished as India Supreme Court rejects appeal by builders

New Delhi/ Kochi: The Supreme Court on Thursday rejected all four review peititions filed by the flat builders in Maradu in Kerala's Ernakulam district. This means around 350 flats, which violated the Coastal Regulation Zone (CRZ) rules, have to be razed immediately.

Southeast
Property

Climate Change: More High-Tide Flooding Is On Its Way For South Florida

As surely as the seasons, the water will come, a silent surge that in 30 years could mean up to 55 days annually where South Florida streets become streams and storm grates bubble backwards, according to a new report released Wednesday.

Gulf of Mexico
Property

As New Storm Passes, Florida Panhandle Residents Cope With Hurricane Michael Flashbacks

Jul. 11--PANAMA CITY -- The air in the heart of Florida's Panhandle has felt heavy for days, weighed down by Southern humidity and the hazy heat of summer. Familiar thunderstorms, bringing brief downpours, have done little to loosen its grip.

Northeast
Property

NOAA Report on Coastal Flooding Alarming for NJ

This new report from NOAA shows that New Jersey is among the most vulnerable states in the nation to impacts from sea level rise and climate change.

Coastwide
Property

New York’s Invisible Climate Migrants

Global warming is causing mass migrations around the world. In New York, it's forcing people from their homes in quieter ways.

Southeast
Property

Mount Pleasant moves to restrict and limit short-term rentals such as Airbnb, Vrbo

MOUNT PLEASANT, South Carolina — New limits and regulations on short-term rentals, such as those listed with Airbnb and Vrbo, are on track to begin in August in South Carolina’s fourth-largest city.

Pacific Northwest
Property

Scientists say new tsunami zone building law puts Oregonians in danger

HB 3309 overturns a 1995 ban that kept schools, hospitals, and police and fire stations from being built in tsunami zones.

Gulf of Mexico
Property

Pinellas County Emergency Manager issues challenge to beach leaders regarding hurricanes

She issued them a challenge to do more than just look after themselves in times of storms, but to take the lead in helping their entire community.

Great Lakes
Property

Water worries shore thing as Great Lakes rise

Vanishing beaches, submerged docks and inundated cottages could put a damper on summer for many as Great Lakes water levels hit record highs, officials say.

Coastwide
Property

Buying Out Beach Homes May Be Simpler than Fighting Floods

Coastal towns may be better off buying out beachfront property owners than spending years trying to protect those homes from floods, erosion and shifting sands, a study of North Topsail Beach, N.C., says.

Coastwide
Property

What You Need To Know About Long-Term Vs. Short-Term Rentals

Some things to keep in mind when considering investment in coastal rental properties.

Coastwide
Property

Sea level rise already causing billions in home value to disappear

New data analysis shows that propery values are already taking a hit due to sea level rise.

Coastwide
Property

The high cost of coastal living: Flood insurance premiums keep rising

As the cost of coastal residency climbs, we wonder how the American Shoreline will be changed.

West Coast
Property

Pacific Grove's (CA) short-term rental ordinance holds up to legal challenge as well as gives city power to penalize offenders.

Recent actions surrounding short-term rental licenses—or lack of them—in Pacific Grove will keep the city as busy as seaside cottage rentals over the Fourth of July weekend.

Hawaii & Alaska
Property

Relocation of erosion-threatened Alaska village progresses to ‘sprint’ pace this summer

The relocation of an Alaska village is happening fast this summer, after many years of planning and work.

International
Property

Airbnb enters the luxury market

New service offers properties including mansion for $1m a week

Coastwide
Property

Great Places to Retire Early Near the Beach

Lazing about the beach is a common retirement dream, but expensive oceanfront housing costs are often a big wake-up call. Then again, America is filled with great beachfront destinations from sea to shining sea and all the places in between. Far from the coasts, you can find desirable metro areas that offer access to freshwater beaches on lakes and rivers, so you still get to feel the sun on your face and the sand between your toes, but often at more affordable prices than you'll encounter in popular coastal retirement cities.

Coastwide
Property

Munich Re Tool Allows Fast Post-Disaster Damage Assessments

Munich Re had teamed up with a unit of the National Insurance Crime Bureau to offer insurance carriers an analytics tool that can quickly assess property damage after natural catastrophes and speed up claims payments.

Northeast
Property

A Modest Proposal: Move Montauk

Before Montauk became the major tourist destination it is today, it started as a small fishing village on the east end of Long Island. In 1938, a hurricane essentially turned the community into an island for several days. More than 100 homes were destroyed, the road was damaged and residents moved away. Now, some worry history will repeat itself and the modern-day Montauk will face even more challenges.

Northeast
Property

FEMA Rule Change in Waterford, Connecticut Eases Coastal Investment

WATERFORD — Two years is the newly-approved “lookback” period for substantial improvement for buildings in the floodplain in the Town of Waterford, a move that will provide increased flexibility to property owners in maintaining or improving their buildings.

Gulf of Mexico
Property

Hurricane Michael destroyed their homes. Then the insurance heartache began.

Nine months after the storm, more than 20,000 property claims remain outstanding in Florida.

Mid-Atlantic
Property

Topsail tops list of U.S.’s most affordable beach communities

Realtor.com says barrier island offers great combination of affordability and sun-and-sand options

Northeast
Property

To move away from the shore, or to 'armour' it — Prince Edwards Islands erosion question

Coastal Property Guide advises against the use of hard rock to protect shoreline. This story is part of a CBC News series entitled In Our Backyard, which looks at the effects climate change is having in Canada, from extreme weather events to how it's reshaping our economy.

Coastwide
Property

Mental Stress on Rise as Coastal Towns Confront Climate Threats

When community leaders in the town of Piermont, just north of New York City, ask residents, “How long do you want to live here?” the question is more than a personal one.

Southeast
Property

U.S. Hurricane Season Is Unnecessarily Dangerous

Forecasters are expecting this year’s North Atlantic hurricane season to be roughly average, with about 14 named storms including six full-fledged hurricanes. Last week, the government finally dealt with the fallout from 2018, enacting a $19.1 billion relief package to help U.S. towns and cities still recovering from last year’s natural disasters. Even before that, 2018 had already drawn more emergency funding than any year since 2005, the costliest year on record.

Gulf of Mexico
Property

Texas Housing Program Aims to Rebuild Faster after Disaster

HOUSTON — For Houston resident Scenacia Jones, the experience of getting her new home through an innovative way of building post-disaster housing was like an experiment.

Mid-Atlantic
Property

County to sell cliff mitigation properties after removal of homes

The Calvert County commissioners directed staff June 11 to make arrangements for the transfer of properties the county had acquired to eliminate long-term risk to people and property from shoreline and cliff erosion in Calvert.

Northeast
Property

When Longport was longer: The storms that ate 10 blocks of Absecon Island

LONGPORT, New Jersey — The summer drive down Atlantic Avenue toward the ocean is almost always pleasant. Beautiful mansions line the road and the sea breeze whips by.

Coastwide
Property

Catch a Wave! America's Most Affordable Beach Towns, 2019 Edition

Think you can't afford to live in a beach town? Think again. These are the most affordable beach towns where buyers can find plenty of bargains.

Southeast
Property

What’s Driving the Rise of Prefabricated Housing in Florida?

Prefabrication represents a significant accomplishment in making affordable housing available to anyone. With the arrival of today’s advanced technologies like Building Information Modeling (BIM), 3D printing, and automation, architects and builders are continuing to explore how prefabrication can change the world. Prefabrication is the future of affordable housing all over the globe and especially in those regions affected by severe climate events.

Coastwide
Property

Climate Change and the Reinsurance Implications

The people and companies with money on the line tend to be less ideological about climate change.

Great Lakes
Property

How did Lake Ontario flooding get so out of hand?

In December 2016, a new Lake Ontario water management plan went into effect, crafted by the International Joint Commission, the U.S.-Canadian agency governing the Great Lakes. It replaced a plan that had been used since 1963.

West Coast
Property

Washington state waterfront owners asked to take dead whales

PORT HADLOCK, Wash. (AP) — At least one Washington state waterfront landowner has said yes to a request to allow dead gray whales to decompose on their property.

Mid-Atlantic
Property

N. Carolina Supreme Court: Compensation on land takings for beach upkeep allowed

NAGS HEAD, NC (AP) - North Carolina's highest court has agreed with another appeals court that oceanfront property owners can get compensated when a municipality takes their land temporarily for upkeep of public beaches.

Pacific Northwest
Property

Guest column: A living lab and boon to coastal economy

Here on the North Coast, we live in such a rich area for diverse scientific opportunities, from forestry to wetland restoration to maritime science. Our varied landscapes inform and inspire the ways we live, play, and earn a living. We believe that ensuring that this way of life continues for our coastal communities means investing in education, job opportunities, and in the care and management of our lands and waters.

International
Property

6,000 properties in Pool Harbor, New Zealand 'could be at risk without coastal defence works'

PLANS for the next phase of a multi-million pound coastal defences project have been outlined in an environmental impact assessment.

Coastwide
Property

I study floating cities. I’m convinced offshore living is the future

Often criticized as playthings of Silicon Valley billionaires, floating cities have the potential to help coastal regions adapt to climate change, writes researcher Nathalie Mezza-Garcia.

Northeast
Property

Man's Rhode Island beach arrest centered on whether he was on public or private land

A weekend walk on the beach put Charlestown resident Scott Keeley under arrest. Keeley was gathering seaweed that he uses to fertilize his garden when the police were called.

Northeast
Property

$560M Redevelopment of Storm-Damaged Community Wraps Up in NYC

A joint venture of MDG Design + Construction and Wavecrest Management completed the rehabilitation of a 1,395-unit public housing community in Far Rockaway, Queens. The project is the country’s largest single-site conversion under HUD’s RAD program

International
Property

India Supreme Court grants relief for residents of Kochi coastal apartments

New Delhi– In a relief for home-owners, the Supreme Court on Monday stayed for six weeks the demolition of 400 flats in five posh coastal apartment complexes in Maradu area of Kochi.

Southeast
Property

Owners of Folly’s floating platform refuse to remove it as SC finds another unpermitted float

The owners of a floating platform in a tidal creek near the Folly River are arguing the state can’t tell them to remove the structure.

Southeast
Property

South Carolina could be at an increased credit risk due to hurricanes, Moody’s says

Despite the threat of hurricanes, South Carolina’s economy has shifted toward the coast and further into harm’s way. The same is true for eight other states, Moody’s Investors Service said, but South Carolina could be at the biggest risk.

Coastwide
Property

New warnings accompany hurricane season

It may seem like spring has barely begun in Maine, but it is already hurricane season. That brings heightened worries about heavy rainfall, high winds and floods. The danger, of course, is more acute along the state’s shoreline.

Northeast
Property

New Coastal Zone rules clarify conditions for potential new industry

In August 2017, Gov. John Carney signed the Coastal Zone Conversion Permit Act into law, calling it a “big deal.” Now – nearly two years later – we are close to seeing if it will deliver on its promise of economic development and job creation.

International
Property

1 in 2 people in New South Wales's coastal community don't think sea level rise will impact them directly

Half of NSW's coastal community thinks rising sea levels will not impact them directly, new data released today by UNSW scientists has shown—and 25 percent of surveyed accommodation businesses situated close to the coast are unsure if sea level rise is even occurring.

Coastwide
Property

The economic cost of devastating hurricanes and other extreme weather events is even worse than we thought

une marks the official start of hurricane season. If recent history is any guide, it will prove to be another destructive year thanks to the worsening impact of climate change.

Gulf of Mexico
Property

CONFRONTING CLIMATE CHANGE, LOUISIANA SHIFTS FROM RESILIENCE TO RETREAT

As coastal communities succumb to sea-level rise, managing population migration and decline has become a new focus in the state.

Southeast
Property

Clemson workshop explores carbon market’s potential profits for S.C. landowners

CLEMSON — Ask Michael Dawson about entering the carbon market and whether he would go back and do it again, and his answer is simple: “In a skinny minute.”

Mid-Atlantic
Property

U.S. East Coast Faces Quick-Building Hurricanes as Season Starts

Unusually warm water, storm paths leave forecasters worried. Six-month Atlantic season starts Saturday, ends in November

Arctic & Antarctica
Property

Three cruises and $43 million: How Canada made its case for claiming the North Pole

The 2,100-page report is before the UN commission for review to argue for control over a vast region of the Arctic sea floor

International
Property

Kerala govt to go ahead with demolition of Maradu flats

KOCHI: The state government would go ahead with the Supreme Court order of demolishing four flats constructed violating the CRZ rules in Maradu municipality limits.

International
Property

Floating cities: the future or a washed-up idea

Humans have a long history of living on water. Our water homes span the fishing villages in Southeast Asia, Peru and Bolivia to modern floating homes in Vancouver and Amsterdam. As our cities grapple with overcrowding and undesirable living situations, the ocean remains a potential frontier for sophisticated water-based communities.

Southeast
Property

New plans for vulnerable areas to prevent hurricane season disasters

FORT MYERS BEACH - With hurricane season here, our most at-risk communities are making sure they are ready. These include the Town of Fort Myers, which is no stranger to storms. That is why town officials are always taking steps to ensure emergency preparedness.

Coastwide
Property

CoreLogic Says 7.3 Million Homes, $1.8 Trillion at Risk from Hurricane Storm Surge

The Atlantic hurricane season, which begins Saturday, puts 7.3 million homes at risk with an estimated reconstruction cost of $1.8 trillion, CoreLogic said in its 2019 Storm Surge Report. CoreLogic, a data analytics provider based in Irvine, Calif., examined potential losses along a 3,700-mile coastline encompassing 19 states from Texas to Maine.

West Coast
Property

California uses untested powers for 'managed retreat'

Before the threat of rising seas was widely understood, California created an agency to protect its famous beaches from overdevelopment. Now the state Coastal Commission is pouring resources into a war against the effects of climate change, and it could lead toward the removal of oceanfront homes.

Southeast
Property

Erosion and Preservation are Top Concerns as Jupiter Inlet Lighthouse Plans for its Next Decade

People who live around the Jupiter Inlet Lighthouse don’t want to see it slip away – literally or figuratively. As 2020 approaches, the agency is starting to plot out its next decade, and opened the process up for community input at a Wednesday night meeting.

Caribbean
Property

Climate Change and Cuba’s Coastal Towns

HAVANA TIMES – The effects of climate change still don’t exist for many people, most notably US president Donald Trump, while others do believe in it but think these changes will happen in the distant future.

Caribbean
Property

Cuba acknowledges climate change threats in its constitution

Move is the latest in a series that the country has made aimed at dealing with stronger hurricanes, more intense droughts and rising sea levels.

Coastwide
Property

Opinion: As McMansions rise down the Shore, long gone are the humble surf shacks

Gilbert Gaul on the transformation of the American shoreline. Catch Gil's interview on ASPN's Ship to Shore Podcast hosted by Bob Frump. The podcast link is at the bottom of the article.

Caribbean
Property

Welcome to the home of the future in a time of climate change

Breezy Point is beautiful in the summertime, a quaint neighborhood sitting on a slim peninsula that juts out into the Atlantic just south of New York City. In a storm, though, that dreamy setting can become a nightmare.

International
Property

Floating cities are getting far closer to reality than ever before — but they won't be the libertarian utopias billionaires have proposed

For decades, floating cities have been part of a utopian vision to build societies that operate independently of government. Organizations like the Seasteading Institute aim to create peaceful, self-sufficient communities at sea — but they've faced multiple obstacles. In April, a United Nations roundtable entertained an idea for a new kind of floating city that could address issues such as rising sea levels and overcrowding in urban areas.

Southeast
Property

South Carolina wildlife agency chief in trouble with governor, regulators over seawalls near home

COLUMBIA, SC. The chairman of the board at the S.C. Department of Natural Resources has run into trouble with Gov. Henry McMaster and state coastal regulators over the construction of seawalls along the oceanfront near his beach house in Georgetown County.

Gulf of Mexico
Property

Months after Hurricane Michael, beach towns still in ruins. Charleston can learn from that.

MEXICO BEACH, Fla. — Horrific winds in the eyewall of Hurricane Michael tore a mobile home park to shreds as the storm made landfall in Florida last October. Gusts ripped off the roofs and walls of homes across the street.

Gulf of Mexico
Property

Knee-Deep in Water: Learning from New Orleans

Dan Martin reflects on the new frequency of urban flooding along the American shoreline and elsewhere and the challenges of adapting to these "extreme weather" events. Dan is the Managing Principal at Market Feasibility Advisors & Host of the Next Gen Waterfronts podcast on ASPN, covering coastal economics and development.

Southeast
Property

“No one should be lending for 30 years in most of Florida,” financial climate analyst warns

Rising insurance premiums could lead to an economic crash in the Sunshine State, according to one expert

Southeast
Property

Charleston dealing with rapid rise in applications for raising homes

At least 50 homeowners in Charleston’s historic district have inquired about elevating their homes, a practice the city once discouraged but now largely accepts after a spate of recent floods and the growing reality of climate change.

Southeast
Property

Congress breaks stalemate, set to send millions of dollars to help storm-ravaged South Carolina

WASHINGTON - South Carolina will receive millions of dollars in federal aid to offset damages from Hurricanes Florence and Michael last year. It will be welcome news for the state’s residents hit hardest by the massive storm. According to U.S. Sen. Lindsey Graham, R-S.C., the situation was set to become dire “in the coming weeks, not months,” if Congress did not quickly overcome partisan disagreements and pass a disaster aid bill.

International
Property

India Supreme Court refuses to extend deadline for demolishing flats in Maradu

The court evaluated that it is high time the tendency of courts and other legal systems stopped forgiving those who violate the environment laws.

International
Property

More than half of Brits want to buy a home near the coast or waterfront

Over half of people in Britain would like to buy a home near the coast and many plan to move closer to the seaside or a water front in the future, a new survey has found.

International
Property

Philippine cities facing sinking prospects

MANILA (AFP-Jiji) — When Mary Ann San Jose moved to Sitio Pariahan more than two decades ago, she could walk to the local chapel. Today, reaching it requires a swim.

Northeast
Property

Op-Ed: Water dependent means exactly that

Recent opinions by Columnist David Collins supporting the proposed siting of a seasonal restaurant on a city-owned pier in the Downtown Waterfront Park and the editorial board’s praising Governor Ned Lamont’s announcement of a public-private partnership for upgrading State Pier both ignore the statutory provisions of the Connecticut Coastal Management Act.

International
Property

A Call for Action - Climate Change as a Source of Financial Risk

This report by the NGFS sets out climate change-related risks as a source of financial risk and outlines six recommendations, particularly for central banks and financial supervisors to take initial steps to ensure the stability of the financial system. The report aims to build knowledge in the main gaps of identifying, measuring and managing climate risks in the financial system.

Southeast
Property

Preparing low-income communities for hurricanes begins with outreach

Governments seeking to help their most vulnerable residents prepare for hurricanes and other disasters should create community-based information campaigns ahead of time, according to a Rutgers study of economically disadvantaged New Jerseyans in the areas hardest hit by Superstorm Sandy.

Gulf of Mexico
Property

Louisiana Unveils Ambitious Plan to Help People Get Out of the Way of Climate Change

An incredibly well-done bit of writing and multi-media storytelling on the Louisiana coast from Bloomberg.

Great Lakes
Property

Flooding becoming bigger problem for Michigan

Detroiters are still wringing out their lives, two weeks after torrential downpours swamped roadways and homes.

Pacific Northwest
Property

Oregon policymakers may shake up development rules in tsunami zones

Sooner or later the offshore Cascadia fault zone is going to unleash a monster earthquake and tsunami. When that day comes, you hope that coastal schools, fire stations and hospitals are located high enough so that they don't get washed away just when you really need them.

International
Property

UN chief outlines ‘intertwined challenges’ of climate change, ocean health facing Pacific nations on the ‘frontline’

Visiting Fiji for the first time as Secretary-General, António Guterres outlined two “fundamental challenges” facing leaders attending the Pacific Islands Forum on Thursday, namely climate change and the world’s rising ocean, which threatens to submerge low-lying nations.

Coastwide
Property

Is sea rise wrecking coastal home values? The answer: Maybe

SALISBURY, Mass. - For sale: waterfront property with sweeping views of the Atlantic Ocean. Waves erode beach regularly. Flooding gets worse every year. Saltwater damage to lawn. Asking price: anyone's guess.

International
Property

Islanders Threatened By Rising Seas Take Australian Government To Court In World First

Eight residents of four Torres Strait Islands are making a world-first case against their own government at the United Nations (UN) for breaching their human rights. A win will not be legally enforceable, but it could draw further attention to the government's failure to act.

Great Lakes
Property

In high water blame game, IJC says Cuomo is taking "cheap shots"

May 14, 2019 — Water levels on Lake Ontario and the St. Lawrence River are almost two feet above average for this time of year, but they haven’t reached 2017 levels yet. On Sunday, Lake Ontario was still six and a half inches below where it was the same day two years ago, when major flooding hit the region.

Southeast
Property

Lenders Scolded for Climate Ignorance in ‘Insane’ Florida Deals

Hurricane Michael killed seven people and caused more than $6 billion in damage in Florida in October, a toll compounded by warmer, higher seas and wetter air, the signs of climate change scientists have long warned about.

Coastwide
Property

Snapshot: Vulnerability Reduction Scorecard helps cities save lives and resources

Newswise — In Norfolk, Virginia, officials are taking action to reduce their city’s vulnerability to flood risks. Flooding in Norfolk does not just happen during major storms. It can happen when the sun is shining, if the tide is high or the winds are right.

Southeast
Property

Special exception in SC law could save 17 beach houses, but at what cost?

DeBordieu Colony, a wealthy, gated beach community, was the benefactor of targeted legislation in the Statehouse this week that would protect a stretch of beachfront houses. That’s if Gov. Henry McMaster signs it into law.