Library filed under Property Values

Studies Show Land-Based Wind Turbines Cause Property Values to Plummet

A national study that claims there is "no statistical evidence" that real estate prices near wind turbines are negatively impacted is misleading because it lumps homes close to the turbines with those miles away, according to Wind Wise Massachusetts. ..."Wind turbines near residential areas are devastating to home values," according to Michael McCann, president of McCann Appraisal of Chicago.
16 Sep 2013

The Vindication of Don Quixote: The impact of noise and visual pollution from wind turbines on local residents in Denmark

The_vindication_of_don_quixote_ifro_wp_2013_13_thumb This paper examines the negative impacts of turbine view and noise on the sale of residential properties. The authors conclude that "noise and visual pollution from wind turbines have a considerable impact on nearby residential properties." and that "local residents who live in close proximity to these sustainable giants experience some very real negative externalities in the form of noise and visual pollution." The abstract and conclusion of the paper are posted below. The full paper can be accessed by clicking the links on this page.
10 Sep 2013

Proof windfarms will cut Scots house prices

The cottage was valued at £130,000, but after two years she was still unable to find a buyer. In June, when a woman withdrew an offer, she received an email explaining the decision, which reads: "Having spoken to Planning again, re the wind turbines, as 475 metres from the house is close, they have confirmed there will be a ‘whooshing' noise and flicker. ...My solicitor has contacted me this morning and said best avoid it and look for somewhere else."
8 Sep 2013

The impact of wind turbine developments on surrounding rural land values in the Southern Tablelands, N.S.W.

Southern_tablelands_-_impact_of_wind_farm_development_on_surrounding_rural_land_values_2013_thumb This 33-page study released by Australian real estate consultant and registered valuer, Peter Reardon, provides sales evidence demonstrating that wind farms are negatively impacting property values. Mr. Reardon's work examined the effect of more than 3000 turbines either in operation or proposed for construction across New South Wales in Australia. The summary of the report is provided below. The full report can be accessed by clicking the link(s) on this page.
1 Sep 2013

Prairie Breeze Wind Farm fight headed to court; BZA limits property value guarantee testimony.

Acres got into heated arguments with Mary Solada, attorney for juwi Wind, and Tim Ochs, who was representing the leaseholders. Acres asked if juwi was going to argue against a property value guarantee, to which Solada said it was an option. "We're not going to consider testimony to eliminate the property value guarantee," Acres said.
30 Aug 2013

Ed Davey warned about his department's use of wind farm 'evidence'

The Daily Telegraph has learnt a new Government row over wind farms is blocking a report that could provide official confirmation that the controversial turbines can harm rural areas. ...Chris Heaton-Harris, the Conservative MP for Daventry, said: "There is growing concern over the level of property blight that wind turbines cause. "These are the experts in the industry and they should be listened to."
23 Aug 2013

Coös commissioners appeal DRA's equalized valuations in wind-farm UPs

When county administrator Jennifer Fish was asked whether she had calculated the dollar amounts of property tax bills that would have to be sent out in Millsfield and Dixville under the DRA's equalized valuations, she replied that she had not done the math but believed they would be exponentially higher. A DRA witness pointed out that the press had widely reported that the capital investment in the Granite Reliable Wind Farm would be in the range of $250 to $275 million.
13 Jul 2013

N.D.'s largest wind farm: Concern raised for properties not enrolled in Courtenay Wind Farm project

The footprint of the project runs about 11 miles from north to south and six miles from east to west. But it is not the size of the footprint that concerns PSC members. "I've never seen a project with as many people inside the project that are not participants," Kalk said. The map of the project includes about 16 quarter sections of land not participating in the project.
13 Jul 2013

Haldimand realtors say home values will drop; Realtors recall industrial hog farm scare

About a decade ago, large industrial pork operations were moving into the area, and residents and politicians were concerned about the environmental and fiscal impact of the farms. ...This pattern of events is unfolding all over again, say local realtors, as Haldimand becomes home to one of Canada’s largest wind energy projects.
13 Jun 2013

Turbines complicate sales of abutting homes

Realtor Susan Whitehead said she has been trying to sell a property on Weeden Road for two years. That property was put on the market for reasons unrelated to the turbines, but Whitehead said buyers ask about the machines, which are visible across Little Bay, "100 percent of the time." "They ask about the noise, they ask about the flicker, and then they don't put in an offer," she said.
25 May 2013

Falmouth Real Estate - "The Turbine Effect"

Realtor Nadine Krasnow of Falmouth Fine Properties said she has no doubt that the turbines have affected property values ..."In my opinion, it's had a noticeably chilling affect and it has definitely become more difficult to sell houses there; and the reason is, if people have other choices, which they do, why are they going to buy in a place where value has gone down and it's unclear what will happen in the future?"
15 May 2013

Juwi Wind Energy struggles with property value impacts

The Board of Zoning Appeals of Tipton County considered Juwi Wind's application for the Prairie Breeze Wind Farm. The Board members were not fooled on the property value question. The permit was approved but with a condition that the project have no impact on surrounding property values. The hearing was called to order at 5:00pm March 20, 2013. This exchange took place at around 1:30am on March 21. The hearing room was filled with residents, most of whom opposed the project.  Duration:4 minutes 40 seconds
1 Apr 2013

http://www.windaction.org/posts?p=4&topic=Property+Values
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