Wind farms do bring down property values

Wind farms can bring down property prices, government officials have accepted after downgrading the official valuation of several homes close to turbines.

The decisions by the Valuation Office Agency (VOA) to move certain houses close to wind farms into lower council tax bands are the first official recognition that the turbines can lower the value of nearby homes.

Although property experts have long acknowledged the harmful effect of wind farms on property prices, the association has until now been dismissed by the wind industry as conjecture.

In one recent case a couple saw the value of their home 650 yards from the Fullabrook wind farm near Braunton, Devon, fall from £400,000 to £300,000 according to a local agent’s estimate.

The couple, who were not attempting to sell their house, told the VOA that the persistent whooshing noise caused by the turbines and the visual intrusion – including a flickering shadow when the sun is directly behind the blades – made their property less valuable.

TDT

About these ads

One response to “Wind farms do bring down property values

  1. Cue the intro music for Captain Obvious…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s