Thursday, June 21, 2007

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

Windfarmsfinalreport.pdf

At what stage do wind farm developments start to impact on property values For those surveyors who believe that residential property values are lower as a result of wind farm developments, a majority (67%) believe that there is an impact on values as early as the planning application stage. A further 22% report that the impact is first evident at the construction phase of development (Figure 3). The results suggest that buyers are wary of potential developments at a very early stage in anticipation of a negative impact because of uncertainty over the size and location of a proposed wind farm.

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