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Windfarms affect house prices

The Royal Institution of Chartered Surveyors' report to which they refer is clear on these points. Their chief economist, in summation of the results, says: "Our survey shows a clear majority who find that a windfarm nearby suppresses house prices."

Editor's Note: The report is available via the link below.

I WOULD like to correct the errors in the Wind Power News, Issue 2 recently distributed by npower to some 4,700 local residents regarding the effects of wind turbines on house prices. Npower claims that the effect on house prices was short-lived and prices recovered after two years, and that windfarm developments appear not to affect property prices in the long run.

This is far from the case. The Royal Institution of Chartered Surveyors' report to which they refer is clear on these points. Their chief economist, in summation of the results, says: "Our survey shows a clear majority who find that a windfarm nearby suppresses house prices."

Indeed, 77 per cent of RICS members who responded to the survey in the South West reported that prices are lower; further, the report continues: "Once a windfarm is completed the negative impact continues but becomes less severe after two years or so after the completion.”

I am writing to npower to seek a full retraction of this misleading information, but I would ask your readers not to believe everything they are told by these power companies.

I WOULD like to correct the errors in the Wind Power News, Issue 2 recently distributed by npower to some 4,700 local residents regarding the effects of wind turbines on house prices. Npower claims that the effect on house prices was short-lived and prices recovered after two years, and that windfarm developments appear not to affect property prices in the long run.

This is far from the case. The Royal Institution of Chartered Surveyors' report to which they refer is clear on these points. Their chief economist, in summation of the results, says: "Our survey shows a clear majority who find that a windfarm nearby suppresses house prices."

Indeed, 77 per cent of RICS members who responded to the survey in the South West reported that prices are lower; further, the report continues: "Once a windfarm is completed the negative impact continues but becomes less severe after two years or so after the completion.”

I am writing to npower to seek a full retraction of this misleading information, but I would ask your readers not to believe everything they are told by these power companies.


Source: http://www.windwatch.org/do...

JAN 17 2006
https://www.windaction.org/posts/1006-windfarms-affect-house-prices
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