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This Neighborhood Is Predicted to Be Swallowed By The Sea – But Housing Prices Are Surging In it

Despite the forecasts that the village would soon be swallowed up by the nearby sea, a surge of people looking for residence has been attracted by the village of Fairbourne, Gwynedd in Wales. According to a recent study, property buyers are trying constantly to grasp the available houses in the seaside village that is set to be submerged underwater in the next 30 years.

It is already predicted that by 2054, the small town is probably going to be underwater, but that is not keeping people from buying homes and vacations rentals there. It is mentioned by the Manchester Evening News.

According to the real estate market tracker Rightmove, prices of houses in the village have raised about 35% since 2019. Actually, Climatic change is causing sea levels to rise and thus in the years leading up to 2054, homes are to be leveled in the seaside village. Moreover, residents may be asked to contribute thousands of pounds for the privilege of razing their homes. Infrastructure like gas and electricity will be dismantled, according to the Evening News.

“Fairbourne is suffering the same fate as places like Nefyn and Aberdyfi,” said one resident who spoke to North Wales Live on condition of anonymity. “Late last year I had a look down Penrhyn Drive (on the seafront) and I was staggered by the number of properties that are now second homes and holiday lets.”

It seems like the people exaggerating the home prices have actually got an idea and have already made the calculation that by the time it is underwater, they’ll be dead.“They accept what’s going to happen here but they are of an age where there may not be around in 25 years’ time,” one resident told the Evening News.

Fairbourne is far from the only disappearing village, but it is one of the few that has both acknowledged the coming disaster and is still thriving. Some other cities, including Jakarta, have decided to shift to new, less flood-prone locations. But some other cities, like Miami, are just ignoring the rise in sea level altogether.

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