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Wind farms can ’cause property price fall’  

Credit:  By Plymouth Herald | Posted: January 07, 2014 | www.plymouthherald.co.uk ~~

Homes close to wind farms have lost up to a third of their value, an MP has claimed as the Government considers paying compensation if developments cause a property price plunge.

Geoffrey Cox, Conservative MP for West Devon and Torridge, said constituents have been told by estate agents their homes are worth “significantly less” thanks to giant turbines, and that it is an “injustice” they lose out while developers and land owners potentially pocket millions.

This year, Mr Cox issued a blanket objection to all new commercial wind farms after proposals for scores of turbines have pushed parts of rural areas to “tipping point”. Meanwhile, Planning Minister Nick Boles has proposed direct compensation for lost property value thanks to developments such as turbines, but also nuclear power stations, rail links and factories. The minister is eyeing a pilot scheme in the coming months.

Source:  By Plymouth Herald | Posted: January 07, 2014 | www.plymouthherald.co.uk

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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