Wind Farms v House Prices
Climate change and its pertinent threat is a topic making international news on a daily basis. The
As the windiest country in Europe, the
One of the major concerns people have is that a nearby wind farm can be detrimental to their property value? This has been recently dispelled however.
A joint study carried out by the Royal Institute of Chartered Surveyors (RICS) and Oxford Brookes found no clear relationship between the proximity of wind farms and property prices, suggesting ‘this may be an urban myth with apparent changes in value disappearing when examined closely’.
Looking at transactions of residential property near wind farms at two locations in Cornwall, the study found that while terraced and semi-detached houses within a mile of one of the wind farms were lower in value than similar houses at a distance of four miles, devaluation was a result of other factors, such as the houses in question being ex-Ministry of Defence properties and thus less desirable.
Beyond this, the research
highlighted that wind farm developers were trying to alleviate the problem themselves by locating developments in places where the impact on prices is minimised anyway.If you have been approached about having wind turbines on your land, or for advice on renewable energy issues in general, please contact
- Ashby de la Zouch
- 01530 412821
- Banbury
- 01295 271 555
- Knutsford
- 01565 757970
- Market Harborough
- 01858 410 200
- Newark
- 01949 851815
- Southampton
- 02380 883150
- Stafford
- 01785 220 044
- Worcester
- 01905 453275
