Library filed under Property Values

Wind concerns addressed at Grafton forum

McCafferty said there are multiple problems with wind farms -- such as the aesthetics and the noise associated with them. "People don't come to Vermont to look at wind farms and they don't come to Vermont to hear a lot of noise. So, these are direct impacts on the values," McCafferty said. Before the crowd departed for the night, Wright gave them one last message.
25 Feb 2014

Wind bid stalled

A bid to push along the town’s commitment to buy power from a proposed wind turbine project in Plymouth has stalled because the Board of Selectmen wants more information about the town’s costs and savings as well as the lawsuits surrounding the proposal.
12 Feb 2014

Wind farms proven to cut house prices by 11%, says LSE report

The study, by the London School of Economics (LSE), reviewed more than a million homes within close proximity of large wind farms over a 12-year period, finding that their property values fell by 11 per cent. According to Professor Steve Gibbons, Director of LSE’s Spatial Economics Research Centre, "Property prices are going up in places where they’re not visible and down in the places where they are.”
26 Jan 2014

Noise, property values factor in wind forum discussion

In a study McCann did on Lee County, Ill., the average price per square foot for a home outside 2 miles of the wind project was $104.72. For those that were within 2 miles of the project the average sale price was $78.84 per square foot - a decline in value of approximately 25 percent. One couple that was part of a panel at Friday's forum - Scott and Melodie McLane from Georgia, Vt. - experienced the depreciation of the value their home first hand.
20 Jan 2014

Wind farms 'can wipe one-third off house prices', MP claims

"An increasing number of people are coming to me with clear evidence that the value of their home is significantly less than what it otherwise would be were the wind farm not there. "I'm seeing a minimum 10 per cent to 15 per cent reduction," he said. "Some are seeing a loss of one-third of the value. How can that be fair?
31 Dec 2013

Wind farm ‘blight’ cutting value of homes by up to 33%, says MP

Westcountry homes close to wind farms have lost up to a third of their value, an MP has claimed as the Government considers paying compensation if developments cause a property price plunge. Geoffrey Cox, Conservative MP for West Devon and Torridge, said constituents have been told by estate agents their homes are worth “significantly less” thanks to giant turbines, and that it is an “injustice” they lose out while developers and land owners potentially pocket millions.
30 Dec 2013

Continued growth in Portland could be threatened by wind farm

City officials said Portland has consistently grown at about 1.5-percent for the past 10-15 years, adding that they have done that by encouraging single-family home development ...However, they said that being so close to the wind turbines in nearby Taft will be the city's biggest challenge for further growth. "What we understand from talking to developers is that they are reluctant to build single-family subdivisions in the shadow of wind turbines."
13 Dec 2013

Gone with the wind: valuing the local impacts of wind turbines through house prices

Windfarmsandhousepricesnovember2013v5_thumb This research provides quantitative evidence of the local benefits and costs of wind farm developments in the United Kingdom. In the tradition of studies in environmental, public and urban economics, housing costs are used to reveal local preferences for wind farm development in England and Wales. The authors compared housing price changes in places close to wind farms when wind farms become operational with various comparator groups. These comparator groups include: places close to wind farms that became operational in the past, or where they will become operational in the future; places close to wind farms sites that were refused planning permission; places close to wind farms that are planned or proposed but are not yet operational; and places close to where wind farms became operational but where the turbines are hidden by the terrain. All these comparisons suggest that wind farm developments reduce local house prices. The findings of the paper are provided below. The full paper can be accessed by clicking the links on this page.
1 Nov 2013

The lister changes the decibel level

In one case, as reported in the Sunday Free Press, the value of property was decreased by a whopping $50,000 from a price of nearly $410,000 because of proximity to a wind turbine. A homeowner saw a $700 reduction in the annual tax bill. Now that’s real cash gained because of financial harm — bona fide or perceived, it doesn’t matter. Though in terms of reducing enjoyment of property because of noise, altered views or flicking lights, this change is not exactly a favorable return on investment.
31 Oct 2013

Town listers become next arbiter in Vermont's debate over wind

When Melodie McLane of Georgia used to drive by the wind turbines in Clinton, N.Y., she says, she always looked at them with wondrous curiosity. But now, after four industrial wind towers were built near her home on Georgia Mountain Road, she dreads them. 'I had no idea it would be this bad,' she says, describing a constant noise she says makes it hard to sleep or go outside.
27 Oct 2013

MP calls for compensation

Member for Hume Angus Taylor says rural land owners who’ve had their properties devalued by neighbouring wind farms deserve to be compensated. His comments come follow the publication of a preliminary report into the issue, which showed properties across the region that adjoined either energy developments or proposed energy developments had seen 33 to 60 per cent write downs.
20 Oct 2013

Wind farm foiled family’s Italian dream

“We were contacted by the estate agent and he basically informed us there was no point in having this property on the market while this application was going through – it would be almost impossible to sell.” The family spoke to other estate agents and all said their home was unsaleable because of the wind farm plan.
20 Oct 2013

Vermont wind farm blows down home values

The members unanimously agreed that the sound of the turbines-- any sound-- was enough. "It's a noise that's a constant sort of noise. I once described it as if you're on a coastline and way off in the distance, there's a freighter going by and you hear the engine going-- chug, chug, chug. That's the kind of noise that you experience," Vickers explained.
15 Oct 2013

Wind farms win few fans

Rural landholders across Australia may face a disappearing pool of buyers and plummeting values of up to 60 per cent because of neighbouring wind farms, a new, independent report has established. Most reports so far have not produced evidence that rural land holdings have been impaired by wind turbine development. However, registered valuer Peter Reardon has compiled a 30-page dossier on the impacts of wind farms on adjoining or nearby rural farms.
14 Oct 2013

http://www.windaction.org/posts?p=3&topic=Property+Values
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