Library filed under Property Values from Europe
"The main idea of wind power is to produce electricity without air pollution and without using exhaustible natural resources. However, wind power involves certain costs. These costs are among other things due to the fact that windmills stand as a foreign element in the open landscape. Some people are of the opinion that windmills in an open landscape impinge on the recreative element of the landscape. In addition to this, windmills give off noise that, depending on the wind direction and distance from the windmill, can be a nuisance for those living in the vicinity. The purpose of this study is to evaluate how great the costs are from the visual effect and noise of the windmills. In order to make it possible to compare these costs with other costs and gains in relation to windmills, these costs are reckoned in cash terms. This has been done partly on the basis of the willingness to pay for getting rid of the windmills of people living in the vicinity (the interview method or contingent valuation), and partly using a survey of house prices in the vicinity of the windmills (the house price method or hedonic pricing) as a starting point."
RESIDENTS living near a proposed wind farm in Midlothian fear their properties will drop in value as a result of the development.
A Drefach-felindre Action Group has called on planning chiefs to turn down an application for three new turbines at Blaen Bowi windfarm.
WIND farm chiefs have denied claims that turbines would have an adverse affect on neighbouring house prices. In last week's Courier Laxton resident Robert Tyrall said that the area around the proposed Sixpenny Wood Wind Farm at Balkholme had already seen a property price drop of 30 per cent.
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.
"If they go ahead it will cause serious devaluation of properties in the area. I understand that wind energy is probably going to be the thing of the future, but they are just too big for this area. I can't see that anyone in the local area is going to benefit from them apart from the greedy landowners."
A green energy company has had to change website claims about the effect wind farms have on property prices.
But a survey published today has supported many residents' fears; that windfarms have a negative impact on house prices.
A FURNESS couple have won a legal ruling proving that the value of their home has been "significantly diminished" by the construction of a windfarm nearby, reports Justin Hawkins.
Executive Summary -60% of the sample suggested that wind farms decrease the value of residential properties where the development is within view -67% of the sample indicated that the negative impact on property prices starts when a planning application to erect a wind farm is made -The main factors cited for the negative impact on property values are: o visual impact of wind farm after completion o fear of blight o the proximity of a property to a wind farm -Once a wind farm is completed, the negative impact on property values continues but becomes less severe after two years or so after completion ..... -The survey suggests that wind farms do not impact on residential property values in a uniform way. The circumstances of each development can be different -This report points to a need for further research to track the impact of wind farms and to examine in particular whether the nature of any adverse impact diminishes as wind farms become an increasingly familiar part of the rural scene.
Written in 2000 by the Country Guardian, the UK's leading 'action group', this report addresses comprehensively wind issues in the UK. As one of the first papers of its kind, it is generally viewed as a 'classic' and 'required reading' for those interested in becoming thoroughly familiar with the diverse impacts of industrial wind.