by Lombard Odier

Climate gentrification is on the rise

Sea levels are rising, and that could be causing waves of unexpected house price increases in poorer areas of coastal cities. The FT’s Ed Crooks reports on what has become known as climate gentrification. The wealthy move inland, pushing up real estate prices while causing serious problems for public finances in the areas they leave behind. With the global costs of flood damage expected to reach $50bn a year by 2050, it’s a trend that’s likely to increase.

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FT Rethink

FT Channels, a partnership destination that combines impactful and enriching multimedia content to spark curiosity and encourage discovery. Each vertical brings expert insights from the Financial Times and our Partners into the most pressing issues of our time.


FT Rethink is a video channel examining the spread of sustainable practices into food, financial and urban systems and supply chains - from sustainability-linked loans to green tech that alleviates climate change. It invites you to rethink how you see the world and explores the unprecedented investment opportunity. The channel alternates between independent reporting from FT journalists and business perspectives from Lombard Odier.