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… Continue reading
WIND TURBINES: A provocative new study finds property values plunge after wind towers arrive
By John Miner, The London Free Press
Thursday, October 4, 2012
Homeowners close to wind turbines can expect to see much of their property values blown away, a provocative study by a London property appraiser has found.
Sellers in the future could even find their properties are worth nothing, says the study by Ben Lansink of Lansink Appraisals and Consulting.
“If there is no… Continue reading
This may be the first attempt to think through the government condoned appropriation or stripping away of property amenity and thereby large portions of farm property values.
Previously the disfigurement of the physical environment was thought to be the major cause of property value loss. The loss, obvious to everyone except WEP developers and their government and non government supporters, was hard to quantify systematically as virtually every property had a different outlook and a different immediate environment.
More recently,… Continue reading