Introduction:
The ability of cities to thrive as centres of human habitation,
production and cultural development, despite the challenges posed by
climate change, population growth and globalisation, is determined by
their resilience. From a real estate investor’s perspective, resilience
allows cities to preserve capital values and generate sustainable rental
income in the long term. In human terms, cities are resilient if they
absorb shocks, like Hurricane Sandy, maintain their output of goods and
services and continue to provide their inhabitants with a good quality
of life according to the standards of the time.
Source: Grosvenor Group
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