Sourdough bakeries, third-wave coffee shops and bijou wine bars: the telltale signs of gentrification have been creeping into Europe’s city suburbs for decades. But now there’s a new marker separating the rich from the poor – and it goes much deeper than the quality of the local pastries.
Climate change risks like flooding, coastal erosion and extreme heat are increasingly shaping where people choose to live. This leads to ‘climate gentrification’ – where property prices in safer neighbourhoods increase due to an influx of wealthy residents, pushing out those with less financial mobility.
