Library filed under Property Values from Europe

Social Assessment of Wind Power: Visual Effect and Noise From Windmills--Quantifying and Valuation

"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."
2 Apr 2006

Turbine claim denied

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.
23 Feb 2006

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.
17 Jan 2006

Impact of wind farms on the value of residential property and agricultural land

Windfarmsfinalreport_thumb 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.
1 Jan 2004

https://www.windaction.org/posts?location=Europe&p=36&topic=Property+Values
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