Are Property Prices affected?
There is a great deal of conflicting evidence regarding the impact of wind turbines on property prices. At a recent public meeting, representatives of the developers were questioned on this issue. They seemed unprepared for this, and declined to comment. It seems likely, however, that they will be better prepared next time and come armed with statistics and evidence in an attempt to suggest that wind farms have no negative effect on property values, or perhaps even that they can increase them.
In the interests of balance, we would like to put forward the opposite view; namely that the proposed wind turbines could have a devastating effect on the value of property in the area. In the meantime, if you're planning to sell your house, good luck. You'll need it.
What do estate agents and solicitors say? Nothing good, it seems. Click here to find out.
A study by the Royal Institute of Chartered Surveyors (RICS)
This 2007 study set out to determine whether the presence of wind turbines reduced the value of nearby properties. The researchers refer to their findings as "inconclusive"; however, this quote is taken from the study.
To download the study, click on the icon below.
rics_study.pdf Download File
"There is little point in continuing to market your property, as any serious purchaser will immediately be put off by the prospect of a nearby windfarm."
"Terraced houses sited within 1 mile of a wind farm were observed to be 54 per cent lower in value and semi detached houses within 1 mile of the nearest turbine were 35 per cent lower than similar houses at a distance of four miles."
Homeowners living near windfarms see property values plummet (The Telegraph)
"In a landmark case, Jane Davis was told she will get a discount on her council tax because her £170,000 home had been rendered worthless by a turbine 1,000 yards away."
Read the full article.
"£170,000 home rendered worthless by a turbine 1,000 yards away."