Sunday, 26 January 2014

London School of Economics study: Wind turbines are slashing the value of homes built nearby

A new study by the London School of Economics confirms what most people already have known for long; not only do these ineffective, ugly, bird and bat killing wind monsters destroy beautiful landscapes, they also slash the value of houses from which they are visible:

Wind turbines are slashing the value of homes built nearby, according to a new study into the impact of the large structures on property prices.
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.
The report’s author, Professor Steve Gibbons, Director of LSE’s Spatial Economics Research Centre, told the the Daily Mail: "Property prices are going up in places where they’re not visible and down in the places where they are.”
He stated that his research is the first powerful evidence that wind farms are detrimental to house prices.
With the average UK house price being £250,000, the loss of value if within 12 miles of a wind farm would be £27,000.

Read the entire article here

1 comment:

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