Severe flooding puts damper on Florida Keys
Residents concerned about their property values
Key Largo, Florida Keys
EXTREME high tides have turned streets into canal-like swamps in the Florida Keys, with armies of mosquitoes and the stench of stagnating water filling the air, and residents worried rising sea levels will put a damper on property values in the island chain.
On Key Largo, a tropical isle famous for snorkelling and fishing, the floods began in late September.
While people expected high tides due to the season and the influence of a super moon, they were taken by surprise when a handful of streets in the lowest-lying neighbourhoods stayed inundated for nearly a month with 40cm of saltwater.
By early November, the road…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 retail units, HDB shops on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases